Look Who it Was Random video

China's housing boom and bust

2,143 views · Published 28 January 2018 · 27:06 · Indexed 22 September 2026

Channel: CGTN · 2018 · News & Politics

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China is considering adopting a property tax to tame the property market. In a policy statement published in the People’s Daily, China’s Finance Minister Xiao Jie confirmed that the legislation for introducing the property tax would be completed by 2019 and its enforcement may come as early as 2020. How will the property tax affect the housing market? Will it discharge local governments’ reliance on one-time land sales? And how would it impact the wealth of Chinese households?

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