Today news
About the same in other media
In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan
Reading now: 855
Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. But according to people with knowledge of government deliberations, he is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.
Many economists and analysts have long argued that such a tax could make it more expensive to speculate on property and help bring down prices. That would help reduce the financial burden on middle-class families, in line with Mr. Xi’s goal of a more even distribution of wealth.
Read more on wsj.comAbout this in other media
Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate cnbc.com /3 years ago
Speculation nation: Can Xi Jinping’s property tax deflate China’s housing bubble? theguardian.com /3 years ago
Bitcoin and Ethereum Face Resistance, BNB and DOT Rally cryptonews.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
