China

Will China’s property tax rob from the rich and give to the poor, aiding common prosperity drive?



This is the second in a three-part series looking at the potential impact of China’s proposed property tax law.On the fourth Friday of every month, 30-year-old Ding Xunan makes a nearly 20-hour train journey of over 1,700km from Shenzhen in southern China to Pingdingshan, a prefecture-level city in the central Chinese province of Henan to reunite with his new wife.The newlyweds are unable to afford the property prices in the big urban cities, so in 2019, car factory worker Ding bought a flat in…



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