Nanning, South China s Guangxi Zhuang Autonomous Region reportedly extends the maximum age at the end of the mortgage in the city to 80 years old, local media outlet Nanguo Zaobao reported on Sunday.
China on Thursday unveiled a new credit policy to promote urban housing sales, allowing cities where home prices see steep drops in three consecutive months to reduce mortgage rates.
China’s central bank on Wednesday vowed to use varied monetary policy tools to maintain reasonably ample liquidity in 2023. The central bank also aims to ramp up financial support for domestic consumption to accelerate economic growth.
China s infrastructure construction is accelerating, an indication that the central government aspires to do whatever in its capacity to build up public confidence in the country’s economic growth despite a new wave of coronavirus outbreaks.
The State Council, China s cabinet, has signaled a possible cut in banks reserve requirement ratio (RRR) at an opportune time, in an effort to ramp up financial support for the real economy.