BEIJING -- China will postpone broader trials of a property tax amid fears of further dragging down a slumping real estate market that had been an engine of economic growth.
Politics
China delays property tax trials, stressing stability over reform
With economy under strain, Xi Jinping plays it safe ahead of fall Communist Party congress
Construction is underway at the site of an apartment complex in Beijing. There are concerns that introducing a property tax could cool housing demand. © Reuters
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