Various measures by central and local...>

CHINA PRESS: Various measures by central and local governments indicate that

China is coming closer to establishing a property tax, Securities Daily reported

Friday. 

  - The State Council in mid-August issued a document that requires all cities

and provinces to implement a comprehensive registration of properties; 

  - The establishment of an Internet system which stores information of houses,

along with property registration, indicates a property tax will likely be

implemented, the newspaper said, citing Zhang Yiqun, director of Jilin Province

Chinese Academy of Fiscal Sciences; 

  - Several provinces have also accelerated reform of the registration processes

for properties, the newspaper said.