| China announces tax exemption to boost property sector |
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| Wednesday,October 22,2008 Posted: 22:20 BJT(20 GMT) |
| From:Xinhua Article type:Reproduced |
BEIJING -- China will exempt, starting from November 1, the stamp tax on property purchase and the value-added tax of land on property sales to boost the recessive real estate sector, the Ministry of Finance said on Wednesday.
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