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China’s mortgage cut still insufficient to move the needle, boost spending by homeowners
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China’s mortgage cut still insufficient to move the needle, boost spending by homeowners

Cs news10 months ago10 months ago01 mins

China’s mortgage rate cut for existing properties will hardly make any impact for Ivy Cai, as the Shanghai-based homeowner is facing the burden of a 15,000 yuan (US$2,131) monthly repayment. She is expected to save a few hundred yuan per month once the rate cut, announced on Tuesday as part of a bumper round of…

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