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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 bureau, said in an article in a central bank publication on Friday that there should be a property tax on homeowners nationwide as a way to help control prices.
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
