China's Chongqing, Shanghai launch property tax to cool housing market (4)

08:12, January 28, 2011      

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File photo taken on Apr. 23, 2010 shows residential areas in Shanghai, east China. The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities. Shanghai and Chongqing are cities that will trial the tax first. Shanghai sets its property tax rate at 0.4 to 0.6 percent. (Xinhua/Fan Jun)



File photo taken on Mar. 18, 2010 shows people visiting a real estate fair in Shanghai, east China. The State Council, China's cabinet, has approved on a trial basis the launch of property tax reforms in some cities. Shanghai and Chongqing are cities that will trial the tax first. Shanghai sets its property tax rate at 0.4 to 0.6 percent. (Xinhua/Pei Xin)
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http://english.people.com.cn/90001/90776/90882/7274861.pdf