Economics

China’s Land-Sale Revenues Declined 37% In 2014: Deutsche Bank

How cities can go for the new normal

Representatives from property companies check offer prices at a recent land auction in Beijing. The capital city has seen a warm-up in its land market with sales reaching 191 billion yuan ($30.7 billion) this year. Provided to China Daily A new Deutsche Bank study says that last year, China’s 300 cities faced a 37 percent drop…

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