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Speculation Nation: Can Xi Jinping’s Property Tax Deflate China’s Housing Bubble? | China

by theguardian.com posted 3weeks ago 19 views
Analysis: President faces an uphill battle to undo a system that has led to a bloated property sectorXi Jinping’s to-do list has seen a lot of ticks in recent months: more flights into Taiwan’s defence zone; suppressing dissenting voices in Hong Kong; clipping the wings of tech barons; outlawing the out-of-school tutoring industry. The list goes on.However, one key initiative – introducing a local property tax – has attracted fewer headlines but is apparently so controversial within China’s ruling Communist party that even Xi is still only able to deal in trial schemes rather than wholesale change. Continue reading...

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