China to speed up reform of resource, property taxes: report

BEIJING: China will speed up reforms of resource and property-related taxes as well as the bank interest rate system this year, the China Securities Journal reported on Thursday, citing a cabinet meeting.

The government will push forward key economic reforms with "greater determination and courage," the newspaper quoted a statement from the cabinet meeting on Wednesday as saying.

China will extend a resources tax reform and "steadily push forward electricity price reforms and perfect the pricing mechanism on oil products and natural gas," it said.

The government will also "adjust and improve" tax polices related to property, the newspaper said, without elaborating.