China Raised 1.6 Trillion Yuan from Land Transfers in 2009
Published:
2010-02-04
China's Ministry of Land and Resources yesterday published statistics revealing that the revenue that local governments raised from land transfers in 2009 came to 1.59 trillion yuan, an increase of 63.4% on last year's figure. Land set aside for property development accounted for 84.2% of the total revenue.
Source
The Beijing News
Google Translation
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