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Analysts say government’s plan to cool the property market may be ineffective and tout introducing property taxes as a long-term solution

2 weeks ago
Sky Canaves
ecent moves such as restricting property purchases and raising down payment requirements may have limited impact on real estate investment, while property taxes could curb speculation and help local government, according to Standard Chartered's Betty Rui Wang and Shuang Ding.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.