Officials say the existing property tax levy will extend to residential property

China will extend the property tax levied on commercial real estate to residential property, in order to curb the excessive rise in house prices "Caixin net" (Comprehensive media reports) China will extend the property tax levied on commercial real estate to residential property, so as to avoid many obstacles to the introduction of a new property tax.　　As part of a reform of the real estate tax system, China will likely expand the scope of the existing property tax, but it is not clear when the plan would start, the Wall Street Journal said September 9, citing unnamed government officials.　　The report said the official's comments for the first time made it clear that the government would extend the annual property tax levied on commercial property to residential property to curb excessive price rises.　　The report also said China would not follow the US levy of a new property tax, but the official did not specify the reasons for not imposing a new tax. The day, the People's daily 10 days in two degrees commented that in the current complex domestic and foreign economic situation, the adjustment of the property market and economic growth will inevitably have some conflicts. But this round of real estate regulation is to improve people's livelihood and promote social harmony and stability of the important measures, compared with regulation of the great positive effect on improving people's livelihood, even if the speed of economic growth by a little impact, pay a little price, it is worthwhile.　　Regulation should insist on not waver. (Caixin reporter Xu Ming)