Chongqing, Shanghai launch property tax to cool housing market
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File photo taken on July. 23, 2010 shows the bird's eye view of downtown Chongqing, southwest China's Municipality. 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. Chongqing sets its property tax rate at 0.5 to 1.2 percent. [Xinhua] |
![File photo taken on July. 23, 2010 shows the bird's eye view of downtown Chongqing, southwest China's Municipality. 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. Chongqing sets its property tax rate at 0.5 to 1.2 percent. [Xinhua]](http://images.china.cn/attachement/jpg/site1007/20110128/000bcdb95f1d0eac67a14e.jpg "File photo taken on July. 23, 2010 shows the bird's eye view of downtown Chongqing, southwest China's Municipality. 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. Chongqing sets its property tax rate at 0.5 to 1.2 percent. [Xinhua]")
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