Three Chinese megacities ease homebuying rules to boost property market

Three major Chinese cities have eased home-buying restrictions and the central bank plans to lower mortgage rates to revive the housing market. The measures aim to boost the economy, which faces a housing slump and slow domestic consumption. Analysts remain cautious about their overall impact on economic growth. Three major Chinese cities have eased home-buying restrictions and the central bank plans to lower mortgage rates to revive the housing market. The measures aim to boost the economy, which faces a housing slump and slow domestic consumption. Analysts remain cautious about their overall impact on economic growth.  Economic Times