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

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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
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