China Relaxes Mortgage Rules But Recovery Will Take A Long Time

China released a new rule to relax housing mortgage down payment to help sustain the warm-up in property transactions and prices, but a nation-wide property market recovery will still be a long and strenuous process, says a research report by ANZ. The People’s Bank of China (PBoC) and China Banking Regulatory Commission (CBRC) jointly released […]

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Read the original article: China Money Network