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Broke developers in China hobbled by three red lines

The proportion of plots of land withdrawn in the first round of auctions held over five months between February and June this year in 20 major Chinese cities has increased, with cash-strapped developers reluctant to splash the cash. The average auction scrapping rate was 17 per cent - up from 6.5 per cent for the same batch last year -.

Mei Jianping | South China Morning Post

Research shows that past pandemics had no statistically significant impact on real economic growth, inflation, interest rates, exports or wages. The economy will probably rebound rapidly after Covid-19, given the new monetary tools available. Research shows that past pandemics had no statistically significant impact on real economic growth, inflation, interest rates, exports or wages. The economy will probably rebound rapidly after Covid-19, given the new monetary tools available. 11 Feb 2021 - 3:22AM RELATED TAGS

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