INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Sep 29, 11:27 PM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business China Megacities Ease Homebuying Rules To Boost Property Market By Isabel Kua with Luna Lin Published 09/29/24 AT 11:27 PM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket China's teetering real estate market long accounted for around a quarter of its economy and experienced dazzling growth for two decades AFP Three Chinese megacities on Monday eased restrictions on buying homes and Beijing's central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump. The measures are the latest in a raft of pledges out of Beijing since last week aimed at kickstarting the world's number two economy.
The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for t.