After several Chinese cities lowered downpayment requirement for first-time home buyers as part of efforts to shore up the housing markets hit by the coronavirus outbreak, some banks have relaxed the requirement for second-time home buyers.
Three Chinese cities have lowered the requirements in March, including Wenzhou in eastern China's Zhejiang province, according to the latest report from Rong360, a Chinese online lending information provider.
Wenzhou city has cut the downpayment requirement . . .
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