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Shenzhen to introduce property tax, says PBOC adviser

HONG KONG: The southern Chinese city of Shenzhen will introduce a property tax, Fan Gang, an adviser to the People’s Bank of China, said at a business conference in Hong Kong on Nov 18. “Shenzhen is supposed to, as a pioneer, introduce the property tax,” Fan said. “That’s a very important step to balance demand for investment and demand for consumption.” – Bloomberg LP
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