Hangzhou, the provincial capital of the third most indebted Chinese region, raised more funds through land sales than any other Chinese city in the first five months of this year, as the local authority grapples with how to pay for a massive infrastructure and construction binge ahead of the 2020 Asian Games.The city renowned for its picturesque West Lake raised 113.5 billion yuan by selling 295 land parcels in the five months through May, according to calculations by the South China Morning…
Source : South China Morning Post
Read more…Hangzhou takes No 1 spot for land sales in China, raising funds amid construction binge for 2022 Asian Games















