|(Xinhua File Photo)
BEIJING, July 18 (Xinhua) -- Prices of both new and existing homes continued to rise in most Chinese cities in June, according to official data released Thursday.
Of a statistical pool of 70 major Chinese cities, 63 cities saw month-on-month home price rises. However, the number was down from 65 cities that reported higher prices in May, the National Bureau of Statistics (NBS) said in a statement on its website.
According to the NBS, 55 cities reported month-on-month price gains in existing homes in June compared to the previous month. The figure also dropped from 64 cities that saw price rises in May, the data showed.
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China renews pledge to push property tax expansion
BEIJING, July 17 (Xinhua) -- The long-discussed expansion of China's property tax plan has once again come under the spotlight following a renewed pledge by tax authorities to research the plan.
The State Administration of Taxation (SAT) said in a circular issued late Tuesday that it will research the possible expansion of property tax pilot programs. Full story
Expert: China less likely to release property tightening measures
BEIJING, June 19 (Xinhua) -- The government is not likely to release new tightening policies in the short-term to curb property prices, JP Morgan's chief China economist Zhu Haibin said Wednesday.
He said that given the faltering economic recovery and varied regional conditions, the possibility for the central government to release new tightening policies targeting the property market remains low. Full story