Economic Watch: Improved sentiment fuels recovery in China's property market
BEIJING, April 26 (Xinhua) -- Zhou Mingzhu, a resident in the southern Chinese metropolis of Shenzhen, secured her second home earlier this month: a 66-square-meter apartment with two bedrooms.
"I think the market is stable right now, and it feels like a good time to buy," Zhou said. A sharp drop in the down payment ratio from 70 to 20 percent for second homes and falling mortgage rates made the purchase more af