Chına To Levy Property Tax

epa02183525 A migrant worker is hoisted aloft to work on an underconstruction apartment building in Qingdao city , eastern China ' s Shandong province , 02 June 2010 . Chinese experts said the reform property tax policies   is still a long way to go before collection of the tax begins , according to media reported . According to figures provided by the Ministry of LandResources ; new mortgage lending in 84 key cities last year was 774 . 9 billion yuan ( Euro 92 . 7 billion ) , up 59 . 7 per cent from 2008 . Bank loans for housing development reached 20 per cent of total lending in 2009 , according to figures from the China Banking Regulatory Commission .  EPA/WU HONG