City residents in Shaoxing, Zhejiang who buy a home can receive a subsidy worth 0.8% of the purchase price, in effect a tax credit to offset taxes associated with the purchase.
These types of rebates/subsidies have been used in many cities and provinces as part of bailout efforts.
iFeng: 浙江绍兴出台刺激楼市新政:市民买房补贴0.8%
Real GDP for the Fourth Quarter Revised Up, GDI Jumps
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The BEA revised fourth-quarter GDP from +3.2 Percent to +3.4 percent. Real
GDI was a whopping +4.8 percent but discrepancies remain and charts tell a
bette...
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