China is planning to cut taxes on home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter.
Regulators are working on a proposal that would allow megacities, including Shanghai and Beijing, to cut the deed tax for buyers to as low as 1 per cent from a current level of as much as 3 per cent, the people said. City governments have leeway to tweak the rules, the people added.
The plan, hinted at on Nov 8 by Finance Minister Lan Fo'an, underscores Beijing's increased willingness to use fiscal tools to shore up the sluggish economy along with monetary easing.
Denne historien er fra November 13, 2024-utgaven av The Straits Times.
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Denne historien er fra November 13, 2024-utgaven av The Straits Times.
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Coote's welfare the priority amid new allegations
English football's referees body the Professional Game Match Officials Limited (PGMOL) said on Nov 13 that it was taking new allegations against David Coote \"very seriously\", while European football body Uefa said it had suspended the Premier League referee.
FERNANDES HAS FAITH IN AMORIM'S ABILITIES
United captain hopes new manager can replicate success with his football concept
England should come before anything: Kane
Harry Kane has said that he is disappointed by the high number of withdrawals from the England squad this week, insisting that the national team must come first.
BJK Cup opener delayed due to severe weather
The Billie Jean King Cup Finals which were due to begin in Malaga on Nov 13 were postponed after Spanish authorities issued a red-weather alert for extreme rain and flooding in parts of the country, the International Tennis Federation (ITF) said.
ZVEREV STOKED BY 'SHIFT'
At 27, the German emerges as a veteran but he feels ready to take on rising stars
Las Vegas 'in a really good place', rules out sprint
LONDON - Las Vegas Grand Prix organisers have ruled out following Formula One's other United States races in Austin and Miami and switching to a sprint format.
Sorenstam, Korda hail Clark's sporting impact
Caitlin Clark is no stranger to large crowds, given her time in the spotlight as a decorated basketball player in college and now in the Women's National Basketball Association (WNBA).
WIZARDS SPELLBOUND AS WEMBY DROPS 50
He has career-high in points and threes in a game to lead San Antonio to 139-130 win
Mcllroy aiming for Schauffele, Scheffler markers
Two victories, seven top-10 finishes, nearly US$11 million (S$14.8 million) in earnings on the PGA Tour this season - and the inside track to winning the Race to Dubai - would overwhelmingly please most people.
'Idiotic' Tyson-Paul bout 'shouldn't be happening'
Nearly 40 years after making his professional debut, and 19 years after being battered into retirement, a 58-year-old Mike Tyson will climb back into the ring on Nov 15 for a Netflix-backed bout that has drawn widespread condemnation across the boxing world.
