BEIJING -- China is moving to revitalize its slumping property market, easing regulations that stipulated higher mortgage rates and down payments when current apartment owners seek to buy and move into a new one.
Mortgage rates and down payments when moving in big cities to be lowered
A government crackdown on speculation in China's real estate industry led to a deep slump. © Reuters
BEIJING -- China is moving to revitalize its slumping property market, easing regulations that stipulated higher mortgage rates and down payments when current apartment owners seek to buy and move into a new one.