China Eases Down Payments, Mortgage Rates in Fresh Stimulus Move
(Bloomberg) -- China allowed large cities to cut down-payment requirements for homebuyers and encouraged lenders to lower rates on existing mortgages, taking major new steps to halt a slump in the country’s residential property market. Most Read from BloombergUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallHong Kong to Shut Down City Before Super Typhoon Saola HitsUS Health Officials Urge Moving Pot to Lower-Risk CategoryEurope's Biggest Oil Company Quietly Shelves a Radi...
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