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China Property Moves to Fuel 30% Hit to Land Sales, Goldman Says
Source: Bloomberg
Housing & Real EstateFiscal Policy & BudgetEconomic DataSovereign Debt & Ratings
China’s overhaul of the home-sales process is expected to worsen stretched local government finances, contributing to a projected ~30% drop in land sale revenues, per Goldman Sachs economists. The development raises near-term fiscal pressure at the local level and increases concerns over broader property-linked funding stress.
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