The Chinese government is either losing control of the economy (inflation) or the Beijing government is desperately in need of revenues (deflation).
New home sales were down slightly (0.2%) from June, but land sales surged 914% to ¥9.4 billion. Existing homes sales climbed 25.8%. The rise in land sales was partly explained by the government offering better plots.
No English article that I can find at this time. Here is the Chinese: 7月北京土地收入大涨914% 新房成交量高位企稳
Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames)
for $29.50 per Share
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LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Neo Group Ltd. (formerly
known as NeoGames S.A.) (Nasdaq: NGMS) (“Neo” or the “Company”), a
technology-dri...
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