You are here

Cooling China property market 'raising debt risk'

Falling land sales and lack of other revenue sources strain finances of local governments

[BEIJING] China's weakening property market poses an increasing danger to local governments, threatening to strain their finances and intensify an economic slowdown. Land sales in 20 major cities fell 5 per cent in March from a year earlier, the biggest drop in at least a year, according to

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom