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China says will cut interest rates for first-time home purchases
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2 Articles
China says will cut interest rates for first-time home purchases
BEIJING, China — China will cut rates for first-time home purchases, officials said Wednesday, as Beijing looks to provide much-needed support to the troubled property market. The rate for first-time home purchases with loan terms over five years will be lowered to 2.6 percent from 2.85 percent, People’s Bank of China Governor Pan Gongsheng said
·Manila, Philippines
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The Chinese government has launched a series of measures to support real estate, including cutting home loan interest rates to historic lows, to cope with the "storm" from the trade war with the US.
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Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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