Chinese gov't studying property tax expansion: minister

Chinese gov't studying property tax expansion: minister

 BEIJING, Nov. 12 (Xinhua) -- The Chinese government is "actively¹ studying" an expansion of the experimental property tax program in the country and may expand the program when time is appropriate, said Minister of Housing and Urban-Rural Development Jiang Weixin on Monday.

The government will not relax current restrictions² on home purchases in the short term, Jiang told reporters on the sidelines of the 18th National Congress of the Communist Party of China, which opened on Nov. 8.

Even though the recent rebound³ in house transaction volume did not pose a serious problem, the ministry⁴ is on high alert if both transaction volume and home prices increase substantially, Jiang said.

The minister's remarks came as signs of warming emerged in the country's property market after the central bank cut benchmark interest rates and banks' reserve requirement ratio earlier this year to buoy⁵ the slowing economy.

Housing sales rose 5.6 percent year-on-year to 4.63 trillion yuan (735 billion U.S. dollars) in the first 10 months of the year, accelerating by 2.9 percentage points from the January-September period, according to the National Bureau of Statistics.

The Chinese government has repeatedly reiterated⁶ its firm stance on property market control and vowed⁷ to keep in place tightening⁸ measures like prohibition⁹ of third-home purchases, higher down payment requirement and property tax trials.

However, there have been concerns over the impact of the cooling property sector¹⁰ on the broad economy, as property investment accounts for about 13 percent of China's gross domestic output and one-fifth of the country's fixed-asset investment.

Some local authorities have "fine-tuned" their property policies since the second half of 2011 by allowing home buyers to borrow more from public housing funds, reducing taxes and fees or subsidizing home purchases.

The central government is "always ready" to take counter-measures if some cities readjust the property control policies without authorization¹¹, said Jiang.

1 actively   

adv.积极地，勤奋地

参考例句：

• During this period all the students were actively participating.在这节课中所有的学生都积极参加。
• We are actively intervening to settle a quarrel.我们正在积极调解争执。

2 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

3 rebound   

v.弹回；n.弹回，跳回

参考例句：

• The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
• Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。

4 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

5 buoy   

n.浮标；救生圈；v.支持，鼓励

参考例句：

• The party did little to buoy up her spirits.这次聚会并没有让她振作多少。
• The buoy floated back and forth in the shallow water.这个浮标在浅水里漂来漂去。

6 reiterated   

反复地说，重申( reiterate的过去式和过去分词 )

参考例句：

• "Well, I want to know about it,'she reiterated. “嗯，我一定要知道你的休假日期，"她重复说。 来自英汉文学 - 嘉莉妹妹
• Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后，波尔克总统重申这些原则并且刻意阐释一番。

7 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

8 tightening   

上紧，固定，紧密

参考例句：

• Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
• It needs tightening up a little. 它还需要再收紧些。

9 prohibition   

n.禁止；禁令，禁律

参考例句：

• The prohibition against drunken driving will save many lives.禁止酒后开车将会减少许多死亡事故。
• They voted in favour of the prohibition of smoking in public areas.他们投票赞成禁止在公共场所吸烟。

10 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

11 authorization   

n.授权，委任状

参考例句：

• Anglers are required to obtain prior authorization from the park keeper.垂钓者必须事先得到公园管理者的许可。
• You cannot take a day off without authorization.未经批准你不得休假。