Property tax, the topic that has sparked countless debates and speculation in the past decade, has again raised eyebrows as China completed building a national and unified system for real estate registration. But industry experts suggest that the establishment of the system does not necessarily mean the introduction of property tax in the near future, especially considering the status quo of the real estate sector.
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Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.