www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

A man walks past a construction site in the Pudong New Area in Shanghai, January 17, 2007. [newsphoto]

The practice, in turn, has led to housing prices skyrocketing in major cities.

According to a report released recently by the website Sina.com and New Real Estate Magazine, real estate prices in Beijing have increased by 42 percent over the past three years. The average housing prices in 70 major Chinese cities climbed 5.2 percent in November year on year.

"The tax signals the government's resolve to regulate the property market," said Zhang Qi, a researcher with the Institute of Economic and Resources Management affiliated to Beijing Norman University.

1

2

3

4

(For more biz stories, please visit Industry Updates)