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China's financial sector 'at risk of bubble; government considering property tax'

"M2 (broad money supply) in the US is 70 per cent of GDP, ours is over 200 per cent," says Huang Qifan, deputy chairman of the economic and finance committee under the National People's Congress.


CHINA'S financial sector faces bubble risks, a government official warned on Thursday and said a property tax may be on the cards as authorities extended their efforts to reduce a worrisome build-up of debt in the economy.

The ratio of China'...

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