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Chinese cities’ land sales revenue set to hit a new record high in 2019

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Chinese local governments' land sales revenue is expected to hit a new record high in 2019 as they stepped up land sales to ease fiscal strains caused by the economic slowdown and the large-scale tax and fee cuts.

China's 50 large cities made a combined 4.19 trillion yuan in land sales revenue last month as of December 26, the highest on record, surging 17.6 per cent from the previous year, according to the . . .

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