China's Minister Ni Hong announces measures to stabilize the property market, including favorable mortgage terms, lower interest rates, and tax relief.
China to improve policies for healthy property market development, says Minister Ni Hong. Measures include favorable mortgage terms, lower interest rates, and tax and fee reliefs to stabilize the property market. Officials acknowledge China's property market crisis, record youth unemployment, and global slowdown, pledging to do more to boost employment and stabilize the property market.
March 09, 2024
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