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Xi looks to mark 3rd term with tax reform for 'common prosperity'

Property and capital gains taxes to distribute wealth as economy matures

Images of Chinese President Xi Jinping at the Museum of the Communist Party of China in Beijing. Xi is expected to start his third term at the party's helm at its twice-a-decade congress in 2022.   © Reuters

BEIJING -- Having all but secured a third term as the Communist Party leader, Chinese President Xi Jinping is set to tackle major tax reforms aimed at realizing his vision of "common prosperity."

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