When will China reduce its interest rates? - Part 2

https://www.scmp.com/economy/china-economy/article/3032210/china-relaxes-grip-mortgage-rates-and-shanghai-jumps-cut

China has introduced a new property measure by giving empowerment to provincial banks to decide their own mortgage rates.  This is an uncanny central government policy because this involves a big leap of faith in the provincial mayors to rein in their property markets.

Therefore, the central government has also implemented data authenticity accountability as a check and balance measure.  In other words, the provincial mayors and their employees will be punished for fudging their statistics.

https://www.chinadaily.com.cn/a/201910/09/WS5d9d17bea310cf3e3556f42c.html

We had stated previously that China would only cut its official interest rates after figuring out how to rein in its property prices.

http://sg-stock.blogspot.com/2019/09/when-will-china-reduce-its-interest.html

I guess I am the only one who said what China must do first before cutting its official interest rates.

Nevertheless,  China has staged itself up for an upcoming interest rate cut because China cannot alienate itself from the global rate-cutting frenzy.