China's land sales in the largest cites eyed 13% decline in 2011 - News - Dukascopy Bank

Tue, 03 Jan 2012 10:47:43 GMT
Source: China.org.cn
 
© Scanpix/AP

China's government reported that 130 major cities collected 1.86 trillion yuan of land sales revenue last year, indicating 13% decline on yearly basis, according to the China Index Academy. Experts claim the underlying reasons are tougher liquidity conditions faced by property developers and government policies aimed at real estate sector cooling.


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