China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.
China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.
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Bloomberg — Markets (EN)