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China's land markets have cooled significantly since August after several cities adjusted land auction rules to rein in land price grwoth and as homebuilders' financing tumbled amid deleveraging efforts to meet regulatory requirements.
As of September 17, nine cities have completed their second round of land auctions this year and a total of 362 land parcels sold, of which 284 land parcels were changed hands at the reserve price, accounting for 78.5 per . . .
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