China’s housing minister Ni Hong has sought cuts on home mortgage rates and down-payment ratios for first-time home buyers, among other measures, that Beijing hopes will help ease a protracted property slump amid sluggish economic growth.
China’s housing minister Ni Hong has sought cuts on home mortgage rates and down-payment ratios for first-time home buyers, among other measures, that Beijing hopes will help ease a protracted property slump amid sluggish economic growth.