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The country shall protect in accordance with law citizens' private property rights and inheritance rights. The country may, as necessitated by public interest, expropriate or requisition citizens' private property and pay compensation therefor." It can thus be seen that China's property laws have been undergoing developments.
The Property Law of the People's Republic of China (Chinese: 中华人民共和国物权法; pinyin: Zhōnghuá Rénmín Gònghéguó Wùquán Fǎ) is a property law adopted by the National People's Congress in 2007 (on March 16 [1]) that went into effect on October 1, 2007.
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
China will allow cities to set their own property taxes instead of requiring them to conform to one tax regime, a senior lawmaker said on Thursday, in one of the most detailed official comments on ...
China's long-mooted - and long-resisted - property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to ...
In March 1998, the first meeting of the Civil Law Drafting Working Group decided to "go in three steps": first determine the "Contract Law of the People's Republic of China" to establish the order and unity of the socialist market economy ; secondly formulate the Property Law in 4–5 years time to establish complete rules the basic rules of ...
China’s property industry began to cool in 2019 and fell into a deep trough about three years ago after a government-led clampdown on developers’ borrowing.
Law and Practice of International Tax Treaties in China. Wildy, Simmonds and Hill Publishing. ISBN 978-1-898029-62-5. Environmental Taxes: Recent Developments in China and Oecd Countries. OECD. 1999. ISBN 978-92-64-17092-6. Jin, Chaowu (2006). Regulatory Environment of Chinese Taxation. William S Hein & Co. ISBN 978-0-8377-3325-8. China Tax ...