China’s central government and local governments have pushed out a number of regulations to rein in rapidly rising house prices. Photo: Reuters
China relaxes grip on mortgage rates and Shanghai jumps to cut, showing challenges in curbing speculation
- China’s central bank has introduced a new mortgage rate interest system, granting banks greater autonomy in setting the prices they can charge clients
- Policy shift is part of an effort to implement a more market-oriented lending system
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China economy
China’s central government and local governments have pushed out a number of regulations to rein in rapidly rising house prices. Photo: Reuters