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
Topic |   China economy

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China’s central government and local governments have pushed out a number of regulations to rein in rapidly rising house prices. Photo: Reuters
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