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MAR 10, 2013 - Business Insider

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Divorce Filings In China Surged Like Crazy This Week

Divorced filings have surged like crazy in China over the past week, according to multiple reports. The reason? A new tax on property sales , which seems to have a loophole that lets people get around the tax if they separate from a spouse. We first mentioned the surge back on Wednesday, citing a report in Shanghai Daily. Yesterday the NYT's David Barboza followed up. There are two big stories intertwined here. The first is that China is trying to curb its well-known property boom. There's a widespread belief that many markets in China are in bubble territory, and that a collapse or even a ... Read More

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