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China’s revenue from government land sales was down 28.5% year-on-year.








Revenue from the Chinese government’s January-August land sales fell 28.5% from the same period last year to 3.37 trillion yuan ($480 billion), narrowing the fall of 31 7% recorded from January to July, according to data from the Minister of Finance published on Friday.

Land sales in August fell 4.9% year-on-year after falling 33.2% in July, according to Reuters calculations based on Finance Ministry data.

($1 = 7.0175 Chinese yuan renminbi)

Marketzone with Reuters 2022

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