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China Property Moves to Fuel 30% Hit to Land Sales, Goldman Says

Key Points

China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.

China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.
China Property Moves to Fuel (ORG) Land Sales (ORG) Goldman Says (ORG) China (LOCATION) Goldman Sachs Group Inc. (ORG)
Originally published by Bloomberg Markets Read original →