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%
Weekly Initial Unemployment Claims Decrease to 210,000
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The DOL reported:
In the week ending March 23, the advance figure for *seasonally adjusted
initial claims was 210,000*, a decrease of 2,000 from the previo...
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