Advertisement
Remember the days when this mattered?
China unveiled mortgage subsidies and changes to bank lending policies, stepping up efforts to support an economy losing momentum.
The country will subsidize interest payments for homebuyers on some cheaper homes nationwide. First-home buyers will get subsidies worth an annualized rate of 1 percentage point of the mortgage principal for up to five years, according to a Ministry of Finance statement late Tuesday.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement