Other measures include higher interest rates and minimum gucci diaper bag down payments for those buying a second home in cities with high real estate prices. Dong Chao, a citizen in Huzhou City, Zhejiang province, had planned to sell his current home and move to a larger one. But the new policy has prompted him to reconsider. "The new policy is unreasonable for people who want to buy a second house to improve their living conditions, because [such purchases] do not contribute to speculative and investment-driven housing demand," said Dong. There have been concerns that the high taxes may result in another round of price hikes, as the new tax burden could easily be transferred from homeowners to home buyers. Housing transaction centers in big cities like Beijing, Shanghai, Guangzhou and Nanjing were packed with hundreds of people waiting to make casque dr dre pas cher their housing purchases official and legal on Monday and Tuesday. "The new policy is a heavy blow to the overheated second-hand housing market, especially in large cites," said Zhang Dawei, a senior researcher with Centaline Property. Many people, both buyers and sellers, are rushing to "catch the last bus" and complete their deals before the new measures are fully implemented, Zhang added. Some researchers said the new rules will push up prices of new homes at a faster pace, while some analysts hold that demand for existing homes will not necessarily shift to new homes. Hou Chunyan, a real estate researcher with Dacheng Fund, said the development of the second-hand and new housing markets have always overlapped in the past. Those looking to improve their living conditions gucci bags on sale usually buy a new home after selling their current one. Also, second-hand homes are often near resources such as schools, commercial centers, transportation infrastructure and other facilities that new homes might lack in the short term, said Hou. Dragged by the economic downshift and tax cuts, China's fiscal revenue continued to grow at a slower pace in the first two months of 2013, the Ministry of Finance (MOF) said Wednesday. The country's fiscal revenue increased 7.2 percent year on year to 2.24 trillion yuan (357 billion U.S. dollars), slower than the growth rate of 13.1 percent in the same period last year. The ministry attributed the slower growth to a weakening economy, structural tax cuts and slowing imports. The central government collected 1.08 trillion yuan in casque beats bluetooth fiscal revenues in January and February, up 1.6 percent year on year, while local governments saw fiscal revenues grow 12.9 percent to 1.16 trillion yuan. Local governments raked in more taxes from rising property transactions, the ministry explained. Of the total fiscal revenues, tax revenues reached 1.96 trillion yuan, up 5.9 percent from a year earlier, but the growth rate was down 3.6 percentage points from the same period in 2012. Fiscal revenues in China include taxes, administrative fees and other government income, including fines and income from state-owned assets. Revenues from value-added taxes increased 8 percent year on year to 481.2 billion yuan in the first two months, while those from business taxes went up 14.1 percent to 334.9 billion yuan. Corporate income tax cheap designer handbags revenues gained 24.7 percent year on year to 425.2 billion yuan. Individual income tax revenues dipped 3.8 percent to 135.6 billion yuan, as taxes on yearly bonuses and rewards mainly given in February, when the Spring Festival was celebrated this year, will be collected in March, the ministry said. Meanwhile, the country's total fiscal expenditures climbed 15.7 percent year on year to 1.61 trillion yuan in January and February, according to MOF data. Spending on people's well-being saw steady increases, with spending on education up 12.7 percent to 229.8 billion yuan and spending on healthcare and public health services up 20.5 percent to 75.3 billion yuan. Central government spending on tax rebates and transfer payments given to local governments in the first casque beats pro two months totalled 949.7 billion yuan, up 8.3 percent year on year, while local governments saw outlays rise 16.9 percent to 1.36 trillion yuan, the MOF data show.

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