EASING ON PROPERTY MARKET REFLECTS GLUT CONCERN

摘要

Seaborne coking coal prices moved downward in tandem with iron ore during the past week, as demand faltered amid recent steel but especially coke production cuts. To combat possible deflation and to boost a wobbly property market, the people’s Bank of China and the Ministry of Finance on Monday 30th March released easing policies respectively, including a cut of the required down payment for second homes from 60% to 40% and an exemption from a sales tax for those who have held a property for two years or more.