Tax move drags down property companies' shares
(China Daily)
Updated: 2007-01-18 08:44
Updated: 2007-01-18 08:44
A labourer works at a construction site in the Pudong New Area in Shanghai, January 17, 2007. Shares of Chinese property developers plunged yesterday in reaction to a government announcement that it would begin collecting land appreciation tax from next month. [newsphoto]
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