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As China faces numerous questions over its economic viability in the long term, some are advocating for a removal of barriers to rural land trading to jolt growth back to previous heights.
Chinese President Xi Jinping has made no secret of his desire to deflate property bubble. But according to people with knowledge of government deliberations, he is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.
Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. He is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.