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FILE PHOTO: A view of the city skyline and Huangpu river in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song/File Photo Image for illustrative purpose.
China's capital city Beijing on Wednesday lowered the minimum down payment ratio for first home buyers to no less than 20%, according to a local government statement.
It also lowered the minimum down payment ratio for second home buyers to no less than 35% for downtown area, the statement said. (Reporting by Beijing newsroom)