The mainland has scrapped its cap on lending rates, and it is abolishing the floor on deposit rates, a move that is expected to raise mortgage rates for homebuyers. Photo: Xinhua
China's push for reforms could burst property bubble, economists say
Analysts say reforms like an attack on graft and a more liberal interest rate regime are propelling a bloated sector towards a hard landing
The mainland has scrapped its cap on lending rates, and it is abolishing the floor on deposit rates, a move that is expected to raise mortgage rates for homebuyers. Photo: Xinhua