【Bloomberg】Why China Could Be Serious About a Property Tax Now

Private home ownership in China only began in 1998, yet prices have skyrocketed so much that a place to call their own is becoming increasing unaffordable for many people. The government has tried for years to address the problem by going after speculators. Now, amid a broad effort by President Xi Jinping to address widening social inequality, authorities are revisiting an idea long-discussed but never realized: imposing a property tax. If implemented, such a tax could have far-reaching implications for the country’s 300 million-strong middle class.

READ MORE