China’s largest banks cut mortgage rate for first-time home buyers in top city Guangzhou, many other smaller cities also see lower rates in February

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China's largest commercial banks have lowered home mortgage rate for first-time home buyers in the country's top city of Guangzhou, in a move to bolster the sluggish housing market.

Industry data shows that mainstream home mortgage rates in another more than 80 smaller cities have declined so far in February compared to the previous month.

Branches of the six . . .

 

 

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