China real estate crisis: Mortgage rate cut to stimulate property sector

China has cut a key mortgage rate, to try and stimulate the country’s troubled real estate sector. House sales have been on a decline for months now, as high interest rates and a rocky economy deterred prospective buyers. Al Jazeera’s Tony Cheng reports from Wuhan, where some major properties remain unoccupied. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: https://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #China #RealEstate #ChinaEconomy #ChinaRealEstate #Evergrande #Wuhan #AlJazeeraEnglish