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flag China's new tax policies for real estate have led to $1.6 billion in reductions and exemptions in the first month.

flag China's new tax policies aimed at stabilizing its real estate market have resulted in $1.6 billion in tax reductions and exemptions in the first month. flag Introduced on December 1, 2024, the measures include expanded deed tax benefits, second home purchase incentives, and value-added tax exemptions. flag Over 1.4 million households benefited from increased deed tax benefits, and there was a 71% rise in home transfers in major cities.

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