China rate cut shows lack of options for boosting economy
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China's move to slash borrowing rates for homebuyers underscores how authorities are trying to prop up a weak housing market with few tools at their disposal. The People's Bank of China lowered the five-year loan prime rate, a mortgage benchmark, by 25 basis points on Tuesday to 3.95% from 4.2%. Shanghai-listed stocks rose in response to the move.

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https://asia.nikkei.com/Economy/China-rate-cut-shows-lack-of-options-for-boosting-economy