TAX CUTS AIM TO BOLSTER LAGGING REAL ESTATE MARKET

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clpstaff &clp articles

The government's tax cutting measures issued on October 22 were an attempt to bolster China's sagging real estate market, however the initial impact…

The government's tax cutting measures issued on October 22 were an attempt to bolster China's sagging real estate market, however the initial impact on the market has been minimal.

Du Yusong, partner at Grandall, said the government's move to reduce transaction taxes will only relieve the burden on individuals and will do little to boost activity in the property market.

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