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Update Alerts

China land sales pick up on strained local finances

29 August 2012

Several local governments have accelerated land sales in recent days with Hangzhou, Wuhan and Wuxi selling a total of 45 parcels of land to developers in August. We think the upsurge in sales was prompted mainly by a growing financial strain on local governments particularly in eastern China as fiscal revenues slow, locally-owned corporations weather tougher trading conditions and Beijing’s demands for investment stimulus intensify.

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