Financial Digest

China's Jan-Aug revenue from govt land sales down 28.5% year/year

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BEIJING : China's government land sales revenue for January to August shrank 28.5 per cent from the same period last year to 3.37 trillion yuan ($480 billion), narrowing from the 31.7 per cent slump recorded as of January-July, data from the Ministry of Finance showed on Friday.Land sales in August fell 4

BEIJING : China's government land sales revenue for January to August shrank 28.5 per cent from the same period last year to 3.37 trillion yuan , narrowing from the 31.7 per cent slump recorded as of January-July, data from the Ministry of Finance showed on Friday.

Land sales in August fell 4.9 per cent year-on-year after a 33.2 per cent drop in July, according to Reuters calculations based on data from the finance ministry.

 

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aldotjahjadi8 It's amazing that it's only down 28%

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