Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
Tag: Chongqing (China)
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The Elusive Fix for China’s Budget Crisis
Property taxes would help local governments that are sinking further into debt. But after years of talk, officials have yet to introduce a real estate tax.
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Covid Workers in China Clash With Police Over Unpaid Wages, Layoffs
Companies that reaped windfalls helping the government implement strict ‘zero Covid’ controls are now struggling to pay and keep workers.
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From Zero Covid to No Plan: Behind China’s Pandemic U-Turn
After micromanaging the coronavirus strategy for nearly three years, the country’s leader, Xi Jinping, has suddenly left the populace to improvise.
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China Appears to Loosen Covid Rules After Protests
Several cities announced the easing of lockdown regulations and testing requirements after the country’s biggest demonstrations in decades.