China will subsidize mortgage interest for first-time homebuyers nationwide
Bloomberg reports the move is part of policymakers’ efforts to revive the housing market amid a prolonged property downturn and slowing economic growth.
TLDR
China will subsidize mortgage interest payments for first-time homebuyers nationwide, Bloomberg reports. Policymakers are stepping up efforts to revive the housing market amid a prolonged property downturn and slowing economic growth.
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