In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan

Reuters

Center

High Factuality

Private Equity: The Woodbridge Company

China's Xi faces resistance to property-tax plan

- Chinese President Xi Jinping is facing resistance over a nationwide property tax aimed at curbing housing speculation, the Wall Street Journal reported on Tuesday, citing people with knowledge of government deliberations. Earlier this year, Xi assigned to Han Zheng, the most senior of China's four vice premiers, the task of rolling out the levy much more widely, according to the