China to introduce property registration rules in March

Beijing

CHINA will implement long-awaited property registration rules from March, a Chinese media outlet said on Tuesday, in a move that could give the country's anti-corruption investigators extra ammunition and pave the way for new taxes.

Under a draft of the regulations published in August, a national registration system will be established sharing information such as property location, area and origin of ownership among government departments including police, taxation and audit authorities "in real time".