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)
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