Transaction tax may cool China housing: PBOC adviser

Higher taxes on property transactions would do more than a property tax to curb speculation, an influential Chinese policy maker said in an editorial published on Saturday, in which he advocated maintaining current cooling measures in the second half.
Xia Bin called for a continuation of measures imposed in the first half of the year, in order to counter “suspicion” in the market over whether China is firmly committed to current policies, in an op-ed in the Financial News.