The Chinese government has reportedly fined Chinese property developer Wanda Group (萬達地產) ’s subsidiary named 天津靜海萬海置業 for launching a video ad that contains content related to "Buying a house for daughter-in-law" (買房送媳婦).
China s eastern Jiangsu
province announced policies to lower the downpayment ratio for
first-time home buyers and cut mortgage rates for those buying
for the first or second time, state-backed media.
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