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Speculation nation: Can Xi Jinping’s property tax deflate China’s housing bubble?
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theguardian.comXi Jinping’s to-do list has seen a lot of ticks in recent months: more flights into Taiwan’s defence zone; suppressing dissenting voices in Hong Kong; clipping the wings of tech barons; outlawing the out-of-school tutoring industry. The list goes on.
However, one key initiative – introducing a local property tax – has attracted fewer headlines but is apparently so controversial within China’s ruling Communist party that even Xi is still only able to deal in trial schemes rather than wholesale
Read more on theguardian.comAbout this in other media
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What’s Driving Xi Jinping’s Economic Revamp? China’s Social Mobility Has Stalled wsj.com /3 years ago
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