Land Sales : Revenues for Government (China)

. Land Sales : Revenues for Government
. Government are in a catch 22 situation
. Land provides Revenues
. Rising property values provides more income
. By default, Government are property investors
. And are as guilty if asset bubble as the Speculators
. Actually they are the bigger culprits

http://www.businessweek.com/news/2011-11-02/china-s-guangzhou-cancels-its-second-land-auction-in-two-weeks.html