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China may not introduce a property tax soon given the economy is recovering and in transformation, the Shanghai Securities News reported citing Zhang Yiqun, a member of the Society of Public Finance of China affiliated with the Ministry of Finance. Macro policies need to be consistent and stable to solidify the post-pandemic growth, so the environment is "immature" for such a tax, Zhang said in apparent attempt to ease concerns after property tax was raised by the ministry in recent reports. China will nonetheless increase controls over the property markets in core urban centers, Zhang was reported saying.