China’s property tax plan is part of President Xi Jinping’s campaign to redistribute wealth and address widening social inequality, but some fear the rich will find a way to avoid paying their fair share. Illustration: Henry Wong
Sleepless nights for China’s homeowners as Beijing walks tax ‘tight rope’

China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality, but the proposal has caused some concern especially among the middle class population.

1 hour ago
‘We all paid the price’: China’s ‘dirty’ steel in US-EU crosshairs
3 hours ago
Record 2.1m Chinese seek civil service jobs as economy slows
29 Nov 2021 - 12:36PM
Piracy turned profits: how China’s digital music industry rakes in billions
28 Nov 2021 - 4:00PM
China expands African reach of belt and road as two more nations sign on
28 Nov 2021 - 3:26PM

MORE STORIES

China Belt and Road Initiative involves connecting more than 70 countries on the continents of Asia, Europe and Africa via a series of rail, road and sea infrastructure projects. Photo: Xinhua
‘Challenging’ belt and road strategy needs risk analysis, anti-corruption steps

President Xi Jinping last week called for businesses involved with China’s Belt and Road Initiative to assess overseas risk regularly, while also establishing a risk monitoring system and anti-corruption legal framework.

28 Nov 2021 - 10:20AM
Chinese graduates return to find Western degrees no longer an ‘advantage’
27 Nov 2021 - 2:16PM
China urged to ‘stay vigilant’ amid rising grain prices
27 Nov 2021 - 4:54AM
EVs, 5G to spearhead China’s ‘moderately excessive’ infrastructure push
27 Nov 2021 - 2:21AM
‘Implementation key’ for China’s world-class business environment plans
26 Nov 2021 - 10:00PM
Beijing blasts coal index providers that ‘misguided the market’
26 Nov 2021 - 9:30PM
Beijing mulls digital asset exchange to push the e-yuan
26 Nov 2021 - 6:30PM
China’s carbon emissions see first drop since Covid-19 recovery
26 Nov 2021 - 8:30AM
Beijing calls on silver economy to support China’s ageing population
26 Nov 2021 - 8:00AM
China cannot be ‘blindly optimistic’ as trade threats loom
26 Nov 2021 - 1:18AM
Economic pressure prompts fresh warning on China’s local government wastefulness
25 Nov 2021 - 3:03PM
China’s property tax welcomed, but homeowners wary of property price surge
25 Nov 2021 - 1:07PM
‘China is a major issue’: zero-Covid causing knock-on effects for supply chains
25 Nov 2021 - 10:14AM
‘Based on our own needs’: China to join global oil reserve release
26 Nov 2021 - 10:38AM
Technological innovation ‘matter of survival’ as China plots economic recovery
25 Nov 2021 - 9:15AM