Shanghai launches testing of smart cars on public roads

Huang Ou, deputy director with Shanghai Commission of Economy and Information Technology, said at the press conference on March 1 that Shanghai will gradually open more public roads for ICV road testing. To better regulate and guide road testing and boost ... ( read original story ...)

China Gets Closer to Game-Changing Property Tax

the Shanghai and Chongqing municipal governments are trialing taxes, charging for ownership of a second residential home, or a highly-priced home. While NPC spokesman Zhang Yesui said Saturday that accelerating efforts toward a property tax is a “crucial ... ( read original story ...)

Time for a China property tax

As with reduced corporate rates, the introduction of a national property tax system has long been on the official agenda. Since 2011, the cities of Shanghai and Chongqing have been collecting property taxes in pilot tests. Shanghai's tax applies to second ... ( read original story ...)

China central bank rolls over maturing MLFs with rate unchanged

SHANGHAI (Reuters) - China’s central bank lent 105.5 billion yuan ($16.67 billion) to financial institutions on Wednesday via its 1-year medium-term lending facility (MLF), it said in a statement. The new MLF loans effectively rolled over the same amount ... ( read original story ...)