Authorities are drafting rules to.......>

CHINA PRESS: Authorities are drafting rules to partly cut income tax according

to mortgage rates and rent costs, Securities Daily reported on Wednesday. 

  - The effects of this measure would be similar to those from lowering mortgage

rates, which is positive for the property market, while reducing rental costs

will also increase apartment rentals: Huang Zhilong, director of macro-economy

research center of Suning Finance Research Institute; 

  - More families will consider buying or renting a house with these new rules,

which could thus increase property sales and push up housing costs: Zhang Yiqun,

head of Jilin Province Academy of Fiscal Sciences.