New taxes take the shine off Chinese real estate — shares plummet …
“We have modest real estate bubbles that are emerging, but they are really at a very early stage,” Prasenjit K. Basu, Chief Economist at Daiwa, said on CNBC this morning. But some say the tax of 5.5% will not dampen consumer enthusiasm. …
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New taxes take the shine off Chinese real estate — shares plummet …