China rule changes may help property market, not wider economy - Nikkei Asia

SHANGHAI -- China's recent policy measures aimed at stabilizing the property sector will likely generate demand, but not enough to boost growth in the real economy, according to analysts.

Starting Sept. 25, households will be able to negotiate with lenders to lower their mortgage interest rates to near the benchmark level of 4.2%. On average, borrowers could save 80 basis points, or eight-tenths of a percentage point, according to state-owned newspaper Securities Times.

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