Caixin
Mar 16, 2022 08:31 PM
ECONOMY

China Puts Property Tax Pilot Expansion on Hold to Ease Market Jitters

What’s new: China will not expand the pilot property tax trial this year, putting on hold a real estate reform that could burden local property markets and add to liquidity pressure on developers.

Although some cities have carried out investigations and preliminary research for the program, the conditions for expanding the pilot cities for the property tax reform “are not available this year considering all aspects of the situation,” according to a report by the state-run Xinhua News Agency, which cited the Ministry of Finance.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Biz Roundup: China’s Covid Caseload Hits Six-Month High
00:00
00:00/00:00