Beijing not pilot city for property tax
Updated: 2011-01-17 14:25
By Hao Yan (chinadaily.com.cn)
Beijing is not among the pilot cities collecting property taxes, the China Securities Journal reported Monday, citing Ji Lin, deputy mayor of the municipality.
To increase low-income apartment supply, Beijing plans to increase 200,000 low-income apartments this year, either from building new apartments or renovating existing housing. Some 100,000 units are scheduled to be finished within the year, the report said.
Earlier reports said that Shanghai and Chongqing would collect property taxes on a trial basis in March.
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