A trial property tax in Shanghai has failed to cool down home prices. Photo: Xinhua

As China drafts property tax law, fate of pilot programme up in the air

The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme already in place for three years will be suspended.

A trial tax was imposed in 2011 on owners of spacious, expensive and multiple homes in Shanghai and Chongqing.