China Ceramics Co. Ltd. (CCLTF)

[GorillaGorilla]

A Property Tax is Coming ... But Not as We Know It

He said, currently China's urbanization ratio is at 50 percent and will reach 60 percent within ten years.

The amount of people included in this 10 percent increase in urban population is equal to the population of a moderate sized country.

With a large number of rural residents pouring into cities, the demand for housing will greatly increase, creating a huge rise in real estate tax income which can serve as a major source of revenue for local governments, especially at county or district levels.

Note: Economic observer claims to be independent & is quoted by Economist so I will give some creedence to this view.

http://www.eeo.com.cn/ens/Politics/2010/05/01/169086.shtml

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