BEIJING (Reuters) – China’s government land sales revenue fell 24.4% from a year earlier for the January-November period, data from the Ministry of Finance showed on Tuesday.
For November only, land sales dropped 13.41% year-on-year, extending from 3.78% slump in October, according to Reuters calculations based on the ministry’s data.
(Reporting by Liangping Gao and Ryan Woo; Editing by Ed Osmond)