A survey by the People's Bank of China shows 14.7 per cent of 20,000 households in 50 cities say they plan to buy a home in the next three months. Photo: Xinhua

Rate cuts lure Chinese homebuyers back to market

Some local governments also cut transaction taxes and offer cash subsidies to stimulate demand

Topic |   China home price

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A survey by the People's Bank of China shows 14.7 per cent of 20,000 households in 50 cities say they plan to buy a home in the next three months. Photo: Xinhua
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