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Read More »China’s homeowners are rushing to pay off mortgages early as outlook on the economy dims
Li Wen, a human resources director at a state-owned enterprise in Nanchang, Jiangxi province, paid off an outstanding 200,000 yuan (US$28,170) on her home loan ahead of schedule in January, soon after she received her annual bonus at work. The 36-year-old had been repaying her loans, totalling 600,000 yuan, in …
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