Here is a list of the day’s latest China real estate news collected from around the web:
- China to levy property taxes in more cities during 2012
China will levy property taxes in more cities this year and expand pilot programmes in Shanghai and Chongqing, the official Shanghai Securities News reported on Thursday, citing an official at the Ministry of Housing and Urban-Rural Development. The State Council, the country’s cabinet, has already decided to expand the scheme, and will likely adopt the”Shanghai model”, according to which only certain classes of new homes are subject to property tax, the newspaper said.
- China April Trade Data Cast Doubt on Rebound
China’s headline growth in imports unexpectedly stalled in April and exports were weaker-than-expected, raising doubts about the strength of the rebound in the world’s second-biggest economy.
- Wanda ‘eyes bigger picture’ with reported AMC deal
Dalian Wanda Group Corp Ltd, which operates China’s highest-grossing movie theater chain – Wanda Cinema Line – is reported to be in talks with the US’ second-largest cinema chain, AMC Entertainment Inc, for a possible acquisition, according to The New York Times.
- Yum to open restaurants in appliance retail stores
Suning agrees to host KFC, Pizza Hut and Little Sheep in 150 outlets
The fast-food giant Yum! Brands Inc said on Wednesday that it will open KFC and Pizza Hut restaurants inside stores operated by one of the largest electrical appliance retailers in China.
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