Taiwan is a part of China and Serbia firmly upholds the one-China principle, Serbian President Aleksandar Vucic said ahead of Chinese President Xi Jinping's upcoming state visit to the European country.
The Serbian president made the remarks in an exclusive interview with the China Central Television (CCTV) in Belgrade on Tuesday.
"When you ask us something about, previously Hong Kong, today Taiwan, we obviously have very simple responses, because everybody else immediately start creating a big philosophy of their responses. You know, with us, everything is very simple, because we know what is the UN Charter, we know how should at least the international public order work, and we know that we have a friend. And that's why we always easily say, well, Taiwan is China, full stop. And we believe that President Xi will take care of Taiwan in a very proper way in the future, in a way he wants, in a way Chinese people want," said Vucic.
Chinese President Xi Jinping will pay state visits to France, Serbia and Hungary from May 5 to 10.
Serbia firmly upholds one-China principle: Vucic
Serbia firmly upholds one-China principle: Vucic
Serbia firmly upholds one-China principle: Vucic
Serbia firmly upholds one-China principle: Vucic
Supportive mortgage policies rolled out on Friday are expected to stabilize China's real estate market by lowering interest rates and minimum down payments, said a financial expert.
The minimum down payment ratios for individuals' commercial housing mortgages will be lowered to no less than 15 percent for first-home purchases, and 25 percent for second-home purchases, according to People's Bank of China (PBOC), China's central bank and National Financial Regulatory Administration.
The central bank also announced the removal of lower limit for mortgage rates for buying new and second-hand homes to support a healthy, stable development of the home market.
According to a PBOC notification, local branches now have the right to independently determine the floor level for commercial mortgages, and financial institutions should appropriately determine interest rates based on business conditions and client risks.
Yin Zhongli, director of the Research Center for Real Estate Finance of the Institute of Finance at the Chinese Academy of Social Sciences, weighed in on the policy effect on the market.
"The minimum down payment ratio was brought down to 15 percent, the lowest in history. Adjustments to the down payment ratios and the lower limit for mortgage rates are expected to significantly boost the first-home purchases," Yin said.
Meanwhile, China will also cut the loan rates of individual housing provident fund by 0.25 percentage points, the central bank announced Friday.
Starting from Saturday, the interest rate of first-home loans that mature within or at five years will be set at 2.35 percent, while the over-five-year rate will be slashed to 2.85 percent, the PBOC said on its website.
For second-home purchases, the interest rate of loans that mature within or at five years will be no lower than 2.775 percent, while the over-five-year rate will be no lower than 3.325 percent.
The housing provident fund is a long-term housing savings plan made up of compulsory monthly deposits by both employers and employees. It can only be used by employees for house-related expenses.
"After the introduction of a package of policies by the People's Bank of China, the policy expectations of home buyers can be met to a certain extent. Hopefully, a 'policy bottom' for the real estate market will be formed," Yin said.
Borrower-friendly easing expected to bring "policy bottom" to Chinese real estate market: expert
