{
  "id": 10696478,
  "title": "China rolls out new measures to bolster its property sector and economy",
  "url": "https://urgent.news/2026/09/29/china-rolls-out-new-measures-to-bolster-its-property-sector-and-10696478",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T13:27:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260929/china-rolls-out-new-measures-to-bolster-its-property-sector-and-economy"
  },
  "original_language": "en",
  "account": "BEIJING — On Tuesday, China unveiled a series of new initiatives aimed at revitalizing its struggling property sector and overall economy as pressures mount ahead of a critical year-end target for achieving the government's economic growth objective. Among the most significant measures announced are targeted bank lending incentives and additional subsidies to alleviate mortgage interest payments for homebuyers. The People's Bank of China, the nation's central banking authority, pledged to reduce the interest rate on its \"pledged supplementary lending\" facility, or PSL, by a quarter of a percentage point, effectively lowering the one-year rate to 1.5%. This move is intended to provide more attractive financing to major state policy banks supporting state and public projects, thereby incentivizing banks to lend more effectively and better align with national strategies.\n\nFurthermore, the central bank announced an increase in the quota for lending to support technological innovation by 200 billion yuan ($30 billion), raising the total available amount to 1.4 trillion yuan. The Ministry of Finance also outlined additional steps aimed at addressing the property market's challenges and supporting broader economic growth objectives.",
  "summary": "BEIJING — China on Tuesday rolled out new measures to help boost its economy and sluggish property sector as pressures ramp up ahead of a year-end target for hitting the government's economic growth goal. The measures, some of the bigger moves made this year by Chinese officials, include encouraging targeted bank lending and new subsidies for homebuyers’ mortgage interest payments. China’s…",
  "key_points": [
    "China announces new measures to boost property sector and economy",
    "Central bank cuts PSL interest rate by 0.25 percentage points to 1.5%",
    "Ministry of Finance increases lending quota for tech innovation by 200 billion yuan"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Winnipeg Free Press",
        "title": "China rolls out new measures to bolster its property sector and economy",
        "url": "https://urgent.news/2026/09/29/china-rolls-out-new-measures-to-bolster-its-property-sector-and",
        "published": "2026-09-29T12:42:36.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "China rolls out new measures to bolster its property sector and economy",
        "url": "https://urgent.news/2026/09/29/china-rolls-out-new-measures-to-bolster-its-property-sector-and",
        "published": "2026-09-29T13:52:03.000Z"
      }
    ]
  },
  "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."
}