End in sight for China’s building boom

An “inevitable” property tax will have severe consequences for the industry, but should benefit the broader economy.

End in sight for China’s building boom

China’s property industry faces a bleak future. It is now seen as inevitable that the government will rein in the country’s building boom with a nationwide property tax, which would divert savings away from the real estate market and bring an end to the mania.

That would hurt developers most, but also companies engaged in building materials, resources, construction machinery, high-end consumption and financials all of which have attracted plenty of foreign capital during the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...