China is accelerating long-discussed plans to roll out a nationwide property tax. Experts say such a tax could be tested by the end of this year in some first- and second-tier cities that have hot real estate markets, most likely Shenzhen and the southern island province Hainan.
Caixin
China accelerates push for nationwide property tax
Levy expected to incentivize local governments to sell more land-use rights
China's home prices in April grew at the fastest pace in eight months. © Reuters
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