President Xi Jinping has called for the promotion of the spirit of volunteerism to advance the building of a great modern ...
The trajectory of Tanzania under Nyerere stands as a decisive refutation of the petty-bourgeois illusion that national independence, state ownership, or Pan-African sentiment could substitute for ...
Whatever the legal fate of Trump's International Emergency Economic Powers Act, manufacturing protectionism has emerged as a ...
Al Jazeera visualises Venezuela’s political and economic landscape, oil riches, migration crisis and tensions with US.
BEIJING -- President Xi Jinping has called for promoting the spirit of volunteer to serve the cause of building a great modern socialist country in all respects and achieving national rejuvenation.
The result is remarkable innovation, motivation, deep loyalty, and a true sense of ownership across the entire company. It is ...
Tensions between Donald Trump and Venezuelan President Nicolás Maduro Moros have been escalating after months of launching lethal air strikes on vessels accused of shipping deadly drugs north to the ...
World Socialist Web Site reporters spoke to some of those who attended the Socialist Equality Party event held in London on ...
Beijing will build on its successful Made in China 2025 plan which turned the country into an industrial powerhouse. The new ...
These phrases have been composed in order to contrast the Chinese transformation with the Western-style modernization. For ...
Opinion
Hankyoreh English Edition on MSNOpinion

[Column] The origins of China’s real estate bubble

In China today, no tax is levied on the possession of real estate. Yes, there’s an acquisition tax and a few local taxes, but nothing worthy of the name of property tax.