- China’s Central Bank Cuts Mortgage Rates | In an effort to tackle China’s property crisis, China’s central bank has lowered its five-year loan prime rate by 1.5%. According to data, home sales in China have continued to fall for 11 consecutive months, a symptom and an accelerator of the country's mounting economic pressure. However, experts say that unlike the 2008 housing market crash in the U.S., the global impact of this crisis would be modest.
Read the full report here.
Subscribe here.
|
|