HONG KONG -- The decision by China's central bank to keep a key mortgage lending rate unchanged highlights the challenge facing Beijing: how to stimulate the economy while also protecting bank profits?
China debt crunch
China's central bank faces dilemma: save bank profits or property
Banks' financial health complicates PBOC's task to bolster housing market
China's central bank surprised markets on Aug. 21 by holding the five-year loan prime rate at 4.2%, leaving mortgage payments unchanged for many borrowers. (Source photos by Getty Images)
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