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Chinese commercial banks pare home mortgage rates in a boost for real estate sales

Commercial banks in multiple Chinese cities have moved to cut mortgage rates for house purchases, after the People s Bank of China (PBC), China s central bank, lowered its benchmark lending rates last week, in a move that experts say could boost real estate sales after weak demand last year.

In pics: Shanghai Living Room exhibition in Brussels

In pics: Shanghai Living Room exhibition in Brussels
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World Travel Fair 2015

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