The People's Daily recently published an article signed by the Minister of Finance Xiao Jie, which comprehensively expounded the development direction of China's future fiscal system, including property tax based on the commercial and real estate and personal housing assessment, appropriately reducing the construction and trading tax burden, and gradually establishing and improving the modern real estate tax system. In fact, Xiao Jie had already talked about real estate taxes in early November; saying basically the same things, which reflects the acceleration of the introduction of real estate taxes in China.