China Central Bank Cuts Interest Rate on Existing Home Loans

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Credit: Visual ChinaBEIJING, August 2 (TiPost) - The People’s Bank of China and the State Administration of Foreign Exchange have decided that targeted and differentiated housing credit policies should be precisely implemented according to the situation in each city.The decision was made during a work conference for the second half of 2023 on Tuesday.During the conference, the need to continue guiding individua