China’s Mega Cities Ease Home Downpayment, Mortgage Guidelines

China’s Mega Cities Ease Home Downpayment, Mortgage Guidelines

China’s greatest cities including Shanghai and Shenzhen have eased requirements for residence downpayments and mortgages. The strikes apply the central government’s most forceful rescue kit for its embattled property sector with 300 billion yuan ($41 billion) of funding to support native governments purchase unsold properties. Charlie Zhu experiences on Bloomberg Television.

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