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China implements record mortgage rate cut to revitalise property market

China has implemented its most significant reduction in the benchmark mortgage rate in history, in an effort to rejuvenate the struggling property market and stimulate economic growth.

The 25-basis point cut to the five-year loan prime rate (LPR) marks a substantial intervention by authorities, signalling a decisive move to address the challenges faced by the real estate sector. ....

Ben Bennett , Yan Yuejin , Development Institution , China Research , E House China Research , General Investment Management , China Property Market , Usiness Amp Economy News , Ionews Com ,