China to roll out five-year property tax pilot in some regions
China to roll out five-year property tax pilot in some regions

China to roll out five-year property tax pilot in some regions

 

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China's top legislature said the country will roll out a pilot scheme of property tax in selected regions, as part of a wider “common prosperity” programme to enhance housing affordability and tame runaway prices.

The State Council, the country's Cabinet, will select the first regions and decide on other details of the pilot, according to the official Xinhua News Agency.

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