China cuts rates for the second time to stave off housing crisis - The Australian Financial Review

The country’s central bank has cut key lending rates for the second time in a week, but the moderate reductions will not be enough to address structural problems with the housing market, economists say.

Economists warned, however, the latest efforts to stimulate the economy were not enough to head off a housing crisis. Falling confidence in Chinas debt-laden property developers coincides with a down… [+2934 chars]

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