firms’ confidence in China’s economy is rising, but so are fears over bilateral tensions: survey / SCMP (paywall) “The project to unify all property registrations across the country began in 2013 and is aimed at bringing more transparency to real estate.” “China has completed a major technical step toward a controversial property tax that now awaits approval by leadership - a decision that could help alleviate the crushing debt pressure on local governments while advancing Beijing’s plans to narrow the wealth gap.”Ĭhina unveils real estate data system, opens door to property tax / Sixth Tone innovators.”Ĭhina’s controversial property tax appears to clear major hurdle, but questions remain on start date / SCMP (paywall) “Most important, don’t let Congress slow down U.S. How to compete with China on technology / WSJ (paywall) “The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalize use of the yuan.” Yuan overtakes dollar to become most-used currency in China’s cross-border transactions / Reuters
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