Chına To Levy Property Tax

epa02183526 A view of the newly-built apartment building in Qingdao city,eastern China's Shandong province,02 June 2010. Chinese experts said the reform property tax policies are  still a long way to go before collection of the tax begins,according to media reported. According to figures provided by the Ministry of LandResources; new mortgage lending in 84 key cities last year was 774.9 billion yuan (Euro 92.7 billion), up 59.7 per cent from 2008. Bank loans for housing development reached 20 per cent of total lending in 2009, according to figures from the China Banking Regulatory Commission.  EPA/WU HONG