Without a big new property tax, any revenue raised by local governments in China would pale in comparison with land sales, which have long sustained local governments. Photo: Reuters
Without a big new property tax, any revenue raised by local governments in China would pale in comparison with land sales, which have long sustained local governments. Photo: Reuters

Will China’s proposed property tax be big enough to support struggling local governments?

  • Analysts weigh in on the impact of a newly proposed property tax and how it will compare to revenue pulled in from land sales
  • Cities with high exposure to the property market, such as those in the northeastern rust-belt region, could take a hit

Topic |   China property
Without a big new property tax, any revenue raised by local governments in China would pale in comparison with land sales, which have long sustained local governments. Photo: Reuters
Without a big new property tax, any revenue raised by local governments in China would pale in comparison with land sales, which have long sustained local governments. Photo: Reuters
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