China
        

From Chinese Media

Beijing not pilot city for property tax

Updated: 2011-01-17 14:25

By Hao Yan (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Beijing is not among the pilot cities collecting property taxes, the China Securities Journal reported Monday, citing Ji Lin, deputy mayor of the municipality.

Related readings:
Beijing not pilot city for property tax China's property tax debate escalates
Beijing not pilot city for property tax Shanghai ready to launch tax on properties
Beijing not pilot city for property tax Chongqing to levy tax on high-end property

Beijing will inject more funds into low-income housing projects, including initiatives to take over some available homes and offer them as low-income housing, Beijing Mayor Guo Jinlong said in his work statement at the Fourth Session of Beijing's 13th National People's Congress.

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.

Specials

President Hu visits the US

President Hu Jintao is on a state visit to the US from Jan 18 to 21.

Ancient life

The discovery of the fossile of a female pterosaur nicknamed as Mrs T and her un-laid egg are shedding new light on ancient mysteries.

Economic Figures

China's GDP growth jumped 10.3 percent year-on-year in 2010, boosted by a faster-than-expected 9.8 percent expansion in the fourth quarter.

2011 postgraduate entrance exam
Pet businesses
Critics call for fraud case to be reopened