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China's central bank has cut a key benchmark lending rate used to price mortgages in an effort to kickstart its housing market

China cuts key mortgage rate to boost economy

China's central bank has today cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.

Business • 20 Feb 24

Shares in Country Garden jumped as much as 19% to their highest level since August 10 today

China's Country Garden agrees debt deal

Country Garden's deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($537m) boosted shares in the developer and gave China's crisis-ridden property sector some much-needed respite.

Business • 04 Sep 23

China's property sector contracted further in August as home prices, investment and sales extended losses.

China's economy perks up but dogged by property crisis

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the outlook.

Business • 16 Sep 22

Chinese property market

China cuts key mortgage rate to boost economy

China's Country Garden agrees debt deal

China's economy perks up but dogged by property crisis

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