Property tax pilot to help sector grow healthier--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
China's pilot program of a five-year property tax is a step toward healthier growth and the goal of common prosperity, and is unlikely to trigger major long-term fluctuations in the real estate market, economists and industry insiders said.
China s decision to pilot five-year property tax levies in selected cities on Saturday drew wide attention and discussion, including reportedly resistance hyped up by some Western media outlets. However, Chinese experts said on Sunday that the new move will help ensure stable growth of China s economy and real estate market in the long run, as the country seeks to curb housing speculation, distribute wealth more evenly and pursue common prosperity for all, dismissing claims that a housing market collapse is looming.
What Xi means by disorderly capital is a $1 5 trillion question japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.