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Call to slap property tax on China homes to curb prices

China central bank official urges long-term measures to regulate sector that poses huge financial risk

Beijing

CHINA'S property market has become a major source of financial risk and Beijing cannot rely on adjustments to monetary policy alone to resolve the "serious" problems caused by the sector, a central bank official wrote.

Xu Zhong, head of the People's Bank of China's research...

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