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Shanghai lifts home-buying curbs to boost property sector
Shanghai lifts home-buying curbs to boost property sector
Economy
by  AFP

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy. This month, Beijing cut the minimum down payment rate for first-time homebuyers to its lowest level in history and suggested the government could buy up unused commercial real estate.