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b'Increasing the use of property and income taxes in the People\\u2019s Republic of China won\\u2019t be popular, but it is necessary. Relying more on property and income tax will not only help the China government balance its budget but could smooth income inequality and limit unrestrained urban expansion.\\n\\nAs countries develop, they tend to keep balance between indirect taxes such as a levy on goods and services and direct taxes on incomes and property. That allows the government to use tax policy to meet social or fiscal goals while raising money to invest in a social safety net.\\n\\nIn China, direct taxes account for a much smaller percentage of total tax revenue than in member countries of the Organisation for Economic Co-operation and Development. In 2014, China raised 9.5% of its revenue through direct taxes, compared with 20.3% on average in OECD countries.\\n\\nRead the transcript\\nhttps://bit.ly/2E6FSHU\\n\\nRead the report\\nhttps://www.adb.org/publications/tax-and-development-challenges-in-asia-pacific\\n\\nRead the chapter\\nhttps://bit.ly/2BNcR2h\\n\\nAbout the authors\\nJ\\xfcrgen Conrad headed the Asian Development Bank\\u2019s economics team in Beijing at the time this paper was written.\\nJian Zhuang is an economist at ADB\\u2019s Resident Mission in Beijing.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2DswkGU\\nhttps://bit.ly/2FKtYVW'