China’s property market has been a driver of wealth over the past two decades. Photo: AFP
China’s property market has been a driver of wealth over the past two decades. Photo: AFP

Why China’s property tax plan is a key pillar in its ‘common prosperity’ drive

  • China’s property market has been a driver of wealth over the past two decades, but also a cause of inequality
  • As part of its plan to even wealth distribution, Beijing will trial property taxes in certain parts of the country

Topic |   China property
China’s property market has been a driver of wealth over the past two decades. Photo: AFP
China’s property market has been a driver of wealth over the past two decades. Photo: AFP
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