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China to postpone widening of property tax pilot programme: report

<!– google_ad_section_start –> China will postpone the expansion of a pilot programme to implement a property tax, the official China Securities Journal reported, citing anonymous official sources, who added that Beijing intends to keep a tight lid on the property market through other means. The officials were quoted as saying the market was not yet mature enough for wider implementation of the tax, citing the general complexity of the residential housing market, the lack of clarity regarding property rights and technical issues as reasons for the delay. <!– google_ad_section_end –>

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China to postpone widening of property tax pilot programme: report

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