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Sat,Jan 4,2014
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Editor's Pick

China's top ten economic events in 2013 (2)

(People's Daily Online)    10:20, January 04, 2014
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Five new rules to limit the property market

On March 2, China released five new policies to cool China's real estate market. Homeowners who sell their homes will be subject to a tax of up to 20 percent of the profit they make on the transaction. Local branches of the central bank in cities with soaring home prices can increase the down payment rate and mortgage loan interest rate for home buyers purchasing a second unit.

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(Editor:ZhangQian、Yao Chun)

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