China

China’s property tax causing sleepless nights for homeowners as Beijing walks the ‘tight rope’



This is the third in a three-part series looking at the potential impact of China’s proposed property tax law.Computer programmer Zheng Wenxuan has two flats in Beijing – one for his own family and one for his parents who moved from their hometown in the northeastern province of Heilongjiang.The 42-year-old spends 25,000 yuan (US$3,900) a month for the combined mortgage payments – a heavy burden for the only breadwinner in the family.And that financial burden could become heavier with China’s…



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