China extends looser mortgage rate limits as home prices keep sliding

Beijing continues support for crucial real estate sector as economy struggles

20230116N Apartment showroom

A surge in COVID-19 cases has discouraged potential Chinese homebuyers from visiting apartment showrooms. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- China will let certain cities cut their mortgage rate floors beyond the central government's minimum, making permanent a previously temporary measure to curb a persistent slump in the housing market.

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