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China cuts downpayments on some home purchases
Published Tue, Feb 2, 2016 · 09:50 PM
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Shanghai
CHINA will cut the minimum downpayment for some home purchases by five percentage points, the central bank said on Tuesday, as it attempts to kick-start a sluggish housing market that is both cause and effect of a broader growth slowdown.
The People's Bank of China said on its website that the minimum deposit for first-time h…
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