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China Cuts Mortgage Rate to Bolster Economy
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Overview
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China's central bank cuts 5-year mortgage rate by the largest margin to bolster the economy and the distressed property sector, aiming to stimulate credit demand and reactivate the overall economy growth.
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How does China's decision to cut mortgage rates compare to similar actions taken by other countries in response to economic challenges?
How might China's mortgage rate cuts impact global financial markets and investor confidence?
What are the potential long-term effects of the central bank's actions on China's economy, particularly in the real estate market?
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