Financial means needed to curb property speculation in China
ANBOUND
According to a document issued by Xinhua News Agency, financial means are needed to curb property speculation, using fiscal measures to reduce wealth appreciation effect of property transaction, guiding the flows of the funds to real estates through investment channels to improve long-term control mechanism. It should be noted that if the property speculation is controlled through financial and fiscal means, the real estate industry will face the issue of limited loans, heavy taxes and high costs, which will be a blow for the industry.