Land sale proceeds in Beijing stood at 167 billion yuan by December 5, exceeding the 2010 full-year record of 164 billion yuan. Photo: Reuters

Soaring land prices raise profit fears

Beijing seeks to rein in aggressive bidding by developers after land sale proceeds hit record

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Land sale proceeds in Beijing stood at 167 billion yuan by December 5, exceeding the 2010 full-year record of 164 billion yuan. Photo: Reuters
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