财新传媒
财新英文 > 要闻 > 正文

Major City Land Sales Break Record as Local Governments Fill Budget Gaps

2020年01月03日 19:08 来源于 财新网
Sales revenue in 50 major cities last year grew to a record $601.6 billion, data show
Altogether, local governments in China raised 5.8 trillion yuan through land sales in the first 11 months of 2019.

Land sales in major Chinese cities hit a record high in 2019 as officials struggled to fill budget gaps left by tax and fee cuts that have bitten into their fiscal revenue.

Land sales revenue in 50 cities last year grew to a record 4.2 trillion yuan ($601.6 billion) as of Dec. 26, marking a jump of 17.6% from the same period in 2018, according to data provided by a research center of Hong Kong-based Centaline Property Agency Ltd.

版面编辑:喻竹杨洋
财新私房课
好课推荐