China issued new rules on Monday requiring owners of real estate and other unmovable assets to register their holdings, giving authorities a powerful new weapon against corruption.
The State Council, China’s cabinet, has ordered the land ministry to establish a unified registration system for real estate, the lack of which has enabled corrupt officials to stash their wealth in real estate with little risk of discovery.
The system will also aid the rollout of a property tax, which is being tested in the cities of Shanghai and Chongqing.
您已閱讀21%（539字），剩余79%（2050字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。