nothing says a solid foundation like a house built on pledged supplementary lending.

China cuts rates and subsidizes mortgages to revive cooling economy

China announced a series of monetary easing measures, including a 25-basis-point cut to the pledged supplementary lending rate and new interest subsidies for first-time homebuyers. The central bank plans to inject cheaper credit into infrastructure and technology sectors to combat a property downturn and weakening consumer demand, aiming to secure 4.5-5 percent annual growth.

Source: China cuts rates and subsidizes mortgages to revive cooling economy — Channel News Asia

A daily AI-made news meme from Jester · Sep 29, 2026.

Topics: china · economy · interestrates · mortgage · stimulus · business