China will widen its pilot property tax programme next year while speeding up resource tax reforms, according to Finance Minister Xie Xuren.
“We will summarise the experience from property tax reforms being experimented with and steadily push forward the reforms,” said Xie.
Officials from China noted that a pilot property tax programme in Shanghai and Chongqing will eventually be expanded across China to cool home price increases.
Xie added that China will expand resource tax reforms and widen the scope of resource taxes based on prices at the right time to help conserve resources.
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