China Postpones Its Property Tax

Dec 22, 2010 | 13:05 GMT

FENG LI/Getty Images


The expected property tax trial runs will be postponed, according to media reports and STRATFOR sources. The report follows word that the People's Bank of China will set the new loan quota for 2011 at 7.5 trillion yuan, (about $1.1 trillion) the same as 2010. The two moves are signs that robust economic reform following China's Central Economic Work Conference is not likely.

A delay in China's property taxes is one of two major signs of limited economic reforms ahead....

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