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With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes

SCMP LogoSCMP9h ago

With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes - SCMP

Quick Summary:

Job insecurity and shrinking household wealth are a bane for Chinese households amid the nation’s economic struggles.

The central bank had earlier trimmed the one-year rate by a quarter point in October.

Both are now at their lowest levels since the LPR mechanism was revamped six years ago.

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With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes - SCMP (Picture 1)

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 13:03:54 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28885782

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 19 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "With rates at 6-year low, mainland Chinese see 2 reasons not to buy new homes" was covered 9 hours ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 19 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #28885782
  • URL: https://quasi-deafly.beamstart.com/news/with-rates-at-6-year-17478041017334

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