China announces tax policies to boost property market

Quick Summary:

BEIJING: China on Wednesday (Nov 13) announced a raft of tax policies aimed at boosting the country's ailing real estate market, state media said, including cuts to property deed taxes and VAT.

China is trying to shore up the sector, and said in October that it would boost credit available for unfinished housing projects to more than US$500 billion.

Construction workers pass a housing project under construction on the outskirts of Beijing, China, on Jul 17, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Real Housing 2024 China Cctv Deed Cent Aimed Beijing Rate Wednesday

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 19:57:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23570844

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