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China’s move to enforce home sale Profit tax to curb speculation

Posted on 04 March 2013

The government’s pledge to strictly enforce a 20% tax on home sale profits was a necessary move to curb housing market speculation, and the government will likely achieve its goal in the near term, Mei Xingbao, president of China Orient Asset Management Co., said Sunday.
But Mr. Mei also said that it was too soon to say whether the move would actually stop prices from moving higher over the longer term………………………………………..Full Article: Source


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