21 August 2019

No plans to expand property tax trial anytime soon, paper says

China has no plans to expand a property tax trial, pending legislation, China Securities Journal reported Thursday, citing Deputy Finance Minister Liu Kun. However, the trial program will continue in Chongqing and Shanghai. Meanwhile, the Ministry of Finance is fine-tuning a scheme under which local administrations are allowed to issue bonds in order to support the central government’s urbanization program. The ministry is pushing for public-private partnership to attract investors in infrastructure projects, the report quoted Liu as saying.

– Contact HKEJ at [email protected]



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