Beijing’s hold over rare metals, China cuts mortgage rate benchmark: SCMP daily highlights

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1. How critical minerals became China’s ultimate trump card in the trade war

Beijing is still tightening its grip over supplies of rare earths and other key minerals despite the tariff truce, allowing it to cut off US access at will.

2. China cuts key mortgage rate to spur property market. Is a rebound in sight?

China slashed a key reference rate for mortgage loans by 10 basis points on Tuesday amid efforts to stabilise the property market, but analysts said the moderate cut was still insufficient to revive a sector mired in a downturn.

3. China defies trade war challenge with US$17.3 billion in capital inflow

A screen shows trading indexes at the New York Stock Exchange (NYSE) in New York City, US, May 19, 2025. Photo: Reuters
A screen shows trading indexes at the New York Stock Exchange (NYSE) in New York City, US, May 19, 2025. Photo: Reuters

China attracted a significant net capital inflow into its bond and equities markets in April despite US President Donald Trump’s tariff war and can expect more foreign investment in Chinese assets, analysts said.

South China Morning Post

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