China Business & Economy

Lower Interest Rates Unlikely to Stimulate China’s Property Market: Expert

Lower Interest Rates Unlikely to Stimulate China’s Property Market: Expert
Unfinished apartment buildings at China Evergrande Group's Health Valley development on the outskirts of Nanjing, China, on Oct. 22, 2021. Qilai Shen/Bloomberg via Getty Images
Kathleen Li
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Amid a real estate developer debt crisis, China’s central bank consecutively lowered its Loan Prime Rate (LPR) in an attempt to stimulate sales in the property market. However, experts say that the move is unlikely to turn the market around.

On August 22, the Chinese central bank lowered its Loan Prime Rate (LPR) for the third time as property developers are incurring significant losses due to liquidity problems.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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