China to lower tax on property transactions
Published Fri, Feb 19, 2016 · 08:09 AM
[BEIJING] China will lower the tax on real estate transactions, the finance minstry said on Friday.
The change will be effective from Feb 22.
China has recently reduced the minimum down payment required for first- and second-time home buyers in most cities, a move aimed at clearing a housing glut that is weighing on the broader economy and discouraging new investment.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%