China to cut rates, commercial property down payment to support growth
BEIJING, Jan. 15 (Xinhua) -- China on Thursday announced a series of measures to support growth and facilitate structural improvements, including cuts to interest rates and the down payment ratio for commercial property mortgages.
The People's Bank of China (PBOC) will cut the interest rates on all structural monetary policy tools by 0.25 percentage points, Zou Lan, deputy governor of the central bank, said at a