China gives high priority to property tax that may rock market

  • Property
  • Monday, 10 Sep 2018

SHANGHAI: China's legislature said it's 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 Saturday. Enacting the real estate tax is"crucial,“ a committee official reportedly said.

Property , Taxation