China approves testing property tax in some cities

China’s State Council announced that it would allow some cities to impose a property tax on homeowners a day after releasing a broader set of measures aimed at taming housing prices. Shanghai and Chongqing would be the first cities to experiment with the new property tax on a trial basis.

January 28, 2010, BEIJIG - Shanghai and Chongqing will launch the first-ever property tax for second-home buyers, part of a series of government measures to curb soaring prices and real-estate specul...   Full Story

China Economy | Jan 27, 2011 PM | Related China Story:Property tax

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