Chinese local government land sales have plunged in 2021 and as @michaelxpettis points out that is a very serious issue

Chinese local government land sales have plunged in 2021 and as @michaelxpettis points out that is a very serious issue indeed. Great data from @Gavekal via @SoberLook
thedailyshot.com/2021/12/02/the… https://t.co/qzwlmspbuA

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