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China’s Xi faces resistance to property-tax plan – WSJ

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 report. However, Beijing is now settling for a limited tax plan because of strong pushback, while a proposal involving state-provided affordable housing is emerging as an alternative, the WSJ reported. An initial proposal to test-run the tax in some 30 cities has been scaled back to around 10, the report said.

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