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CHINA PRESS: The Chinese government is drafting property tax laws, 21st Century
Business Herald reported, citing a source indicating the tax could be
implemented before the year of 2023.
  - Earlier this month, the Standing Committee of the National People's Congress
announced its legislation plan for its tenure up to 2023, which listed property
tax as a task to be finished "when conditions are mature";
  - The legislation process of the property tax law is expected to speed up as
some provinces already discussed and sought out opinions from related
departments in April, the newspaper said;
  - The listing of the task in the Standing Committee means that related
problems and concerns on the basic structure and ideas of the tax are cleared,
and that the tax should come into force before 2023, the newspaper said, citing
Lou Jianbo, director of the Property Law Research Center at Peking University.

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