Why China Doesn’t Have a Property Tax Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.
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.
Stress Builds as Office Building Owners and Lenders Haggle Over Debt The health of banks and cities and the nation’s economy could hinge on high-stakes negotiations over commercial real estate loans.
The Prophet of Urban Doom Says New York Still Has a Chance The business professor who warned that the city might be caught in a ‘doom loop’ suddenly finds himself famous.