More policies to attract foreign investment in China real estate

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    clpstaff &clp articles

    Local bodies following central government in encouraging offshore developers

    Recent changes to national regulation allow foreign and local real estate investors to enjoy the same level of benefits, and local governments look set to implement changes to stimulate their own real estate markets.

    At the start of 2009, the State Council repealed its Tentative Regulations on Urban Real Property Taxes, leveling the field for foreign and domestic investors. The government is expected to gradually encourage more offshore developers to invest money into the gloomy Chinese real estate market, and local authorities have evidently been doing the same.

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