Property shares in Hong Kong jump after China cuts key mortgage rate bbc.in/3KptZgj
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@BBCWorld Hong Kong = what happens to a country when a lease expires!
@BBCWorld Don’t get on the bandwagon. Japan cut rates too in 80s & 90s. China’s property bubble bust is worse & greater in scale compared to Japan. Tens of millions Chinese are in high debt & negative equity. Sentiments still bad & won’t recover soon as overall economy is bad.