| From Bloomberg: China approved property tax trials on some housing in Shanghai and Chongqing, adding to measures announced earlier this week in its campaign to curb real-estate speculation and asset bubbles.
Shanghai will begin trials today, the city said in a statement on its website yesterday. China said Jan. 26 it will raise the minimum down-payment for second-home purchases and told local governments to set price targets for new properties..............................................Full Article: Source
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