Investors pawn houses for cash
By Xu Fan | China Daily | Updated: 2009-12-18 07:56
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Pedestrians pass Bao Rui Tong Pawn Shop in Xibahe, Chaoyang district, yesterday. There has been an increase of the number of people pawning their apartments to secure quick cash to buy new properties before a tax exemption policy ends on Jan 1. Wang Jing |
There has been an increase in the number of Beijingers pawning their apartments as they attempt to secure quick cash to buy new properties before the end of a tax exemption policy on Jan 1, pawnbrokers say.
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