China gives high priority to property tax that may rein in market, Real Estate

CHINA’S legislature said it is giving high priority to a property tax that would be one of the biggest moves yet to rein in a runaway market. The Standing Committee of the National People’s Congress listed the tax as one of 69 levies to have top priority in a five-year agenda, the Communist Party’s mouthpiece People’s Daily reported on Saturday. Enacting the real estate tax …

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