{
  "id": 10682215,
  "title": "China unveils rate cut, mortgage subsidies to spur growth",
  "url": "https://urgent.news/2026/09/29/china-unveils-rate-cut-mortgage-subsidies-to-spur-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T11:42:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/china-unveils-rate-cut-mortgage-subsidies-to-spur-growth-4922280"
  },
  "original_language": "en",
  "account": "Beijing, September 29 - China has taken further steps to stimulate its slowing economy with a rate cut and mortgage subsidies for first-time homebuyers. The People's Bank of China (PBOC) reduced the rate on its supplementary lending facility by 25 basis points, bringing it down to 1.5% from 1.75%. The central bank also expanded the PSL facility to support investment in various infrastructure projects. Additionally, the government announced an interest subsidy for new commercial mortgages, with eligible first-home buyers receiving a 1 percentage point annual subsidy for up to five years on loans capped at 1 million yuan per household.",
  "summary": null,
  "key_points": [
    "China reduces interest rate by 25 basis points to 1.5%",
    "Government offers 1 percentage point mortgage subsidy for 5 years",
    "First-time homebuyers can borrow up to 1 million yuan per household"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "China unveils rate cut, mortgage subsidies to spur growth",
        "url": "https://urgent.news/2026/09/29/china-unveils-rate-cut-mortgage-subsidies-to-spur-growth-10695485",
        "published": "2026-09-29T12:49:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}