Monetary stimulus and land sales

CHINA ADVISORY - Report 07 Dec 2018 by Andrew Collier

China has witnessed a significant increase in unsuccessful land auctions in 2018. The rate for the top Tier 1 and 2 cities rose to 6.4 percent in 7M 2018 from 5.7 percent in 2017. In this report, we ask the question – what types of credit are linked to the success or failure of land auctions? And what does this mean for monetary policy going forward?

This question is important because land is a key source of revenue for local governments. The connection between credit to the economy and land is an important indicator of China’s economic health. Credit flows are also an early indicator of problems in China’s land market, and by extension, property.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.