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21st Oct 2024 10:15China+Daily Monitor

  • Chinese banks cut both LPRs by 25bp yesterday, in a sign of support for sentiment and demand.
  • But the housing minister’s new demand-support policy fell well short of similar measures in 2015.
  • The overall residential market has a long way to go, though tier-one markets are showing signs of life.

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Keywords for: 22 October 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence