@luminousqusar
December 31, Wednesday
High-level Voices:
The Ministry of Finance and the State Taxation Administration issued an announcement: Starting from 2026, for individuals selling housing purchased less than 2 years ago, the VAT levy rate will be reduced from the previous 5% to 3%; housing held for 2 years or more will be exempt from VAT.
Overall Impression:
Yesterday, the Shanghai Composite Index fell slightly, ending its 10-day consecutive rise. The Al sector rose due to the impact of Manus being acquired; however, this is a paradox because if Manus had not relocated abroad, it would never have had the opportunity to be acquired. This means that Al companies staying in China have no future— so why is the sector still rising?
The Ministry of Finance and Taxation
Administration jointly reducing taxes on real estate transactions is the most substantial and practical policy benefiting the property market this year.
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