Posted inChina

Spooked investors keep dumping Chinese property stocks

Chinese property shares have faced heavy selling pressure over the past two days as investors expressed discontent with the People’s Bank of China’s (PBoC) decision to put off an anticipated cut of the loan prime rate (LPR). Economists had previously expected that China’s central bank would cut the one-year and five-year LPRs by 0.1% and […]

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