China’s Jan-Nov govt land sales revenue falls 24.4% y/y

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)

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