Summary | China's property market took a downturn in 2014 due
to weak demand and a surplus of unsold homes.The cooling has
continued into 2015, with both sales and prices falling and
investment slowing.The central bank has cut the benchmark
interest rate three times since November.It has also dropped
banks' reserve requirement ratio twice since February.Bank of ...
to weak demand and a surplus of unsold homes.The cooling has
continued into 2015, with both sales and prices falling and
investment slowing.The central bank has cut the benchmark
interest rate three times since November.It has also dropped
banks' reserve requirement ratio twice since February.Bank of ...
en.ce.cn | 30 May 2015