Woman passes by a taxation office in China. [Photo: Xinhua]
Since the beginning of 2017, another heated debate on the advent of property tax simmered. The Communist Party of China Central Committee and State Council, China's cabinet, pledged breakthroughs in government allocation of resources to address problems such as over-reliance on administrative measures this January. It mentioned "under the precondition of supporting a national unified market, China will encourage regions to explore innovative measures in urbanization, SOEs, regional financial markets, property taxes, health and elderly care".
Chinese people are very good at reading between the lines especially in national policy documents.
What is property tax? Is the tax on the way in the near future?