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China Cuts Rates and Offers Mortgage Subsidies to Revive Struggling Property Sector

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China has announced a series of economic measures aimed at revitalizing its struggling real estate sector. The country's central bank has reduced interest rates on its lending facility to encourage targeted bank loans to the property market. First-time homebuyers will also be eligible for mortgage interest subsidies on qualifying properties. The initiatives are particularly focused on stimulating housing demand in lower-tier cities facing economic difficulties. Analysts expect these combined policies to support a gradual recovery in the affected segments of the property market.

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China Cuts Rates and Offers Mortgage Subsidies to Revive Struggling Property Sector · ShortSingh