| 28.11.2008 - China: Property market likely to stabilize |
| From Chinadaily.com.cn: The central bank's rare big interest rate cut will help stabilize the property market but will not ease property developers' tightened cash flow, experts said. The People's Bank of China cut the benchmark interest rate by 1.08 percentage points on Wednesday, the biggest slash in 11 years, lowering the one-year lending rate from 6.66 to 5.58 percent..... Full Article: Source |