China

Property tax concerns for China’s homeowners, buyers amid Xi Jinping’s common prosperity drive



This is the first in a three part series looking at the potential impact of China’s proposed property tax law.Timing, we are told, is everything. The success of something is often related to when it happens.And after China announced plans to roll out a nationwide property tax to help address wealth inequality, concerns were raised if it will become the last straw to break the back the beleaguered real estate sector and become a move that would deal a blow to the domestic economy that could…



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