HANGZHOU, Oct. 9 (Xinhua) -- The eastern Chinese city of Hangzhou has announced that it will reduce the minimum down payment ratio for commercial housing mortgages, becoming the country's latest major city to further relax real estate policies.
The capital city of Zhejiang Province will lower the down payment requirement from 20 percent to 15 percent for first-home buyers, and from 30 percent to 15 percent for s
