Record land sales revenues leave local governments worried about further property curbs

Record revenues from land sales last year were a mixed blessing for heavily indebted local governments on the mainland.

They worry the central government will be provoked to launch a fresh round of curbs to prevent overheating of the property market.

via Business feed http://www.scmp.com/business/economy/article/1402084/record-land-sales-revenues-leave-local-governments-worried-about