World / Asia China takes step closer to ‘game-changer’ property tax The idea surfaced in 2003 but stalled over concerns it would damage property demand and sink prices 19 October 2021 – 17:45 Ryan Woo, Liangping Gao and Samuel Shen A street in the boomtown of Shenzhen in southern China. Picture: QILAI SHEN/BLOOMBERG Beijing/Shanghai — China’s long-mooted — and long-resisted — property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to the country’s real estate policies in a generation. The idea of…