Dow Jones Newswires: 2 major Chinese cities ease mortgage rules in bid to reverse property slump


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Two of China’s biggest and most expensive cities have relaxed regulations on home purchases, allowing more people to qualify for favorable mortgage terms for their first homes as a protracted property crisis continues to weigh on the world’s second-largest economy.

The southern business hubs of Guangzhou and Shenzhen on Wednesday became the latest cities to take steps to boost property demand, giving more people access to preferential mortgage rates and downpayment requirements regardless of their credit records if they don’t…

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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