The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters

China's central bank cuts down payment for first home buyers

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Measure seen limited in stimulating wider demand as tier-1 cities excluded

Published: 12:15am, 1 Oct, 2015

Updated: 2:54pm, 20 Jul, 2018

The PBOC's move is aimed at stimulating housing demand and helping destocking of inventories. Photo: Reuters

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