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.
Beijing continues support for crucial real estate sector as economy struggles
A surge in COVID-19 cases has discouraged potential Chinese homebuyers from visiting apartment showrooms. © Reuters
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.