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Xi's tighter grip will put a crimp on Chinese real estate

A national property tax is back on agenda, and it promises to depress rentals and property prices.

Published Wed, Dec 27, 2017 · 09:50 PM

Washington

A MINISTERIAL demotion in China looks set to upend the country's property market. President Xi Jinping is preparing to sidestep traditional policy shops such as the Ministry of Finance (MOF) to put decision-making into the hands of a smaller group of individuals.

One consequence of that action will be an accelerated push to pa…