CHINA China to pilot property tax reforms

CHINA

China to pilot property tax reforms

Xinhua

18:39, October 23, 2021

(File photo: CFP)

BEIJING, Oct. 23 (Xinhua) -- The Standing Committee of the National People's Congress, China's top legislature, on Saturday adopted a decision to authorize the State Council to pilot property tax reforms in certain regions.

The move aims to advance the property tax legislation and reform in an active and prudent way, guide the rational housing consumption and the economical and intensive use of land resources, and facilitate the steady and sound development of the country's property market, according to the decision.

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