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We propose a program that would further promote housing privatization in China. In addition to operating its current Housing Savings Fund program, the government could guarantee loans, with payments capped at affordable levels or spread out over workable payment periods. Such a program would...
Persistent link: https://www.econbiz.de/10005092493
The Chinese government has embarked upon an effort to reduce the number of tenants living in publicly owned housing. This is a significant challenge for any government, but may be especially so for a country where private homeownership is a new option. Out of concern that many of its citizens...
Persistent link: https://www.econbiz.de/10005092504
This article discusses the advantages and disadvantages of real estate-related taxes that might be imposed in mainland China, in light of the government’s needs for tax revenue and the economy’s need for incentives to develop land. Some policy recommendations are presented, based on an...
Persistent link: https://www.econbiz.de/10005092529