China to trial property tax pilot scheme

Updated October 23 2021 - 10:02pm, first published 9:56pm
Surging prices have prompted China to trial a new property tax scheme.
Surging prices have prompted China to trial a new property tax scheme.

The top decision-making body of the Chinese parliament has announced plans to roll out a pilot real estate tax in some regions, the official Xinhua news agency reports.

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