China’s Jan-April revenue from govt land sales -29.8% y/y

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content BEIJING — China’s government land sales revenue fell 29.8% in January-April from a year earlier to 1.5012 trillion yuan ($222.04 billion), finance ministry data showed on Tuesday, down from a 27.4% slump in the first quarter. For April,…
China’s Jan-April revenue from govt land sales -29.8% y/y

Author of the article:

Article content

BEIJING — China’s government land sales revenue fell 29.8% in January-April from a year earlier to 1.5012 trillion yuan ($222.04 billion), finance ministry data showed on Tuesday, down from a 27.4% slump in the first quarter.

For April, revenue from government land sales fell 37.88% from a year earlier, the fastest pace since January-February 2020, according to Reuters calculations based on the ministry’s data. That was sharply wider than a 22.84% fall in March. ($1 = 6.7609 Chinese yuan) (Reporting by Liangping Gao and Ryan Woo; Editing by Jacqueline Wong)

Article content

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Colombia’s Petro picks market-friendly Ocampo as finance minister
Read More

Colombia’s Petro picks market-friendly Ocampo as finance minister

Author of the article: BOGOTA — Colombia’s leftist President-elect Gustavo Petro on Thursday named Jose Antonio Ocampo as his finance minister, a market-friendly choice who will have the challenge of maintaining the strong performance of Latin America’s fourth-largest economy and passing ambitious fiscal reforms in Congress. Ocampo, 69, who has a Phd in economics from…