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A comment on China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks. Parent comment

Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by samspenc on Tuesday October 16, 2018 @08:13PM (#18234429)
No private property rights in China, correct, it's 99 year leases. This is why rich Chinese use their money to purchase assets (including real estate) overseas.

I'm curious about the no property taxes comment though - does that refer to China or Japan? I thought China had taxes on everything, including property.

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Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by onlyrealcuzzo on Tuesday October 16, 2018 @11:16PM (#18235859)
There is no property tax in China. It's a 99 year lease, so the original purchase is basically a tax.
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Re:China May Have $5.8T in Hidden Debt with ‘Titanic’ Risks by thedailymail on Wednesday October 17, 2018 @01:23AM (#18236317)
Japan definitely has property taxes (I'm a homeowner there).
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