China's land-use rights sale revenue falls 27.9% in first three quarters: Ministry of Finance
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China's Ministry of Finance reported that revenue from the sale of state-owned land use rights fell 27.9% year-on-year in the first three quarters of the year. The data point, released by the ministry and reported by Reuters, reflects continued weakness in land sale proceeds, a key source of local government revenue. No further breakdown, absolute figures, or policy response was included in the source item.
Source report
China's revenue from the sale of state-owned land use rights declined 27.9% year-on-year in the first three quarters of the year, according to data released by the Ministry of Finance.
Source
rtrsWestern
Part of this Story
China's Land Use Rights Revenue Falls 27.9% as Fiscal Growth Slows to 5.1%