BUSINESS CHINA DAILY HONG KONG EDITION Wednesday, March 3, 2021 RIGHT TRACK ‘Gray rhino’ Global digital real estate risks need tax efforts get to be tamed By WANG YING in Shanghai China boost
[email protected] China’s property market is the Finance minister urges G20 nations to biggest “gray rhino”, a very obvious desist from any unilateral measures yet ignored threat, in terms of finan cial risks, given it is so deeply inter twined with the financial industry, By CHEN JIA and it is necessary to keep real estate
[email protected] loan risks under control for the sta ble development of the property China will support the efforts We should avoid a market, a top regulatory official reit made by the G20 members to tooearly withdrawal erated on Tuesday. forge an international deal on “Many people decided to buy Potential homebuyers look at property models in Taiyuan, Shanxi province. WEI LIANG / CHINA NEWS SERVICE digital taxation by the middle of of supportive property for investment or specu this year and expects it to help the measures ... This lation, not for living, which is very digital economy develop in an dangerous,” Guo Shuqing, chair be no changes in existing home loan control measures on property credit ening measures announced in the open and fair manner, a top gov year, China will man of the China Banking and policies, while more macro controls are necessary. Therefore, we can past few months have effectively ernment official said. continue to adopt a Insurance Regulatory Commis will be implemented for the healthy expect the existing property policies stabilized the housing market in Finance Minister Liu Kun sion, said during a news confer development of the property mar to be effective,” said Hui Jianqiang, some Chinese cities.