Research
The Rationality of Chinas Real Estate Tax Levy: An Analysis from the Perspective of Monogamy
Article
November 23, 2020
According to the data from China Statistical Yearbooks, we can calculate the average annual house price increase rate, and get such results: in the 21st century the average annual house price increase rate of China, Beijing City, Shanghai City, and Shenzhen City are 7.89%, 11.7%, 11.23%, and 13.96% respectively. A small part of people is happy this situation, but most people are not. This situation has led to a substantial increase in housing prices, which has severely eroded the housing demand and well-being of the middle and low classes, then interest conflicts emerge.
