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Land sales measured in area in China's 300 major cities reached 2.05 billion square meters in 2021 as of December 28, sliding 22% from the same period in the previous year, and the value of the land sales declined by 10% to 6.25 trillion yuan, according to data from the China Real Estate Information Corporation (CRIC).
Due to tightening financing for the real estate sector and a downtrend in China's housing . . .
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