Municipal governments have been relying on land sales as their major income source. These authorities may also impose local fees and charges, but these do not include major taxes like on property.
Tagged By property
China’s Property Pain Deflates ‘Overhyped’ Iron Ore Market
After a bullish start to 2023, iron ore is struggling with the reality that China’s property sector — the steelmaking material’s largest demand driver for two decades — is still far from a robust …
Unified registry paves way for property tax, though not imminent
Photo / Agencies] The new unified property registration system implemented across China is expected to enhance the nation’s real estate transaction efficiency, better protect the legal rights of …
China Paves Way for National Property Tax With New Network
China has cleared a major technical hurdle for rolling out a national property tax for the first time by setting up a nationwide real estate registration system.
Ban on Chinese citizens, others, owning property in Texas up for a vote in Senate
A proposal before the Texas Senate would ban citizens of China, Iran, North Korea and Russia from owning property in Texas. The Senate is set to vote on …
China Evergrande unit to sell two businesses as part of restructuring
China Evergrande Group said on Monday its division New Energy Vehicle Group will sell two of its businesses to another unit of the group, as the embattled property developer attempts to restructure …
Janet Yellen says U.S. economic competition with China must be ‘fair to both sides’
Treasury Secretary Janet Yellen addressed economic relations between the U.S. and China as Washington increases its pressure on Beijing.
As China fixes its property mess, can foreign capitalists benefit?
The Chinese company, which is the world’s most indebted property developer, with some $300bn in liabilities, defaulted in late 2021 and has been fending off creditors ever since. When the firm delayed …
Hedge funds exit China property bonds after booking triple digit gains
Hedge funds exit China property debt and see challenges in matching last year’s spectacular returns when a rebound in select distressed bonds drove profits …
Hedge Fund That Gained 523% on China Property Bonds Is Selling
One of China’s best-performing hedge funds has exited a lucrative wager on property bonds, joining several peers in unwinding bets on the nation’s economic recovery.
China’s property sector returns to growth after 6 down quarters
China’s long-suffering real estate sector expanded for the first time in seven quarters, the National Bureau of Statistics reported on Wednesday, as the end of pandemic restrictions brought growth to …
China’s Q1 property investment falls 5.8% year-on-year
China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area …
China’s Q1 property investment falls 5.8 y/y
China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday.
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