[unable to retrieve full-text content]China’s latest move to introduce a controversial property tax represents a fresh crackdown on property speculation and a curb on runaway home prices, but analysts believe it is also an “inevitable” solution to help solve the nation’s debt crisis and ensure financial stability.A new scheme, like many Western countries, would eventually cover ordinary Chinese households. At the moment, taxes and fees are mainly collected only at land auctions, or in the property development or trading process,…
Frank Tang considers the following as important:
This could be interesting, too:
Tyler Durden writes Is There A Silver Lining In The PC Woke Snowflake Cancel Culture?
Tyler Durden writes Biden Orders Major Reversal Of Trump’s Missile Battery Build-Up In Gulf
Tyler Durden writes Gen. Milley Says China Has “Ways To Go” Before It Can Take Taiwan