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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Trends technical analysis UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)
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