A number of provincial capitals and other major Chinese cities have temporarily cut mortgage rates for first-time homebuyers as part of broader efforts to revive a real estate market that has been weighing on the world's second-largest economy.
Caixin
Mortgage rate cuts spread to China's wealthier regions
Analysts predicting a long and bumpy recovery in real estate sector
Residential buildings under construction in Shanghai. China’s property market slump began in mid-2021 after efforts to curb borrowing deprived builders of funding. © Reuters
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