Revenues from local government land sales in Chinese cities increase as of October 31

Revenues from sales of public land by local government to real estate developers in the 50 most-active cities in China in terms of such land sales amounted to RMB 2.95 trillion ($0.43 trillion) in the current year up to October 31, up 8.6 percent year on year, as announced by Centaline Group, a Shanghai-based real estate research institute.