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In Depth: China’s Cash-Strapped Local Governments Struggle to Revive Land Sales

By Qing Na
2024年01月04日 19:53
Many cities have recently scrapped price ceilings on residential land sold at auction to try and boost revenue, but analysts are skeptical the move will have much impact

As China’s local governments struggle to increase their fiscal revenue, many have decided to scrap some controls on the price of land, traditionally a key contributor to their coffers, in an effort to kick-start sales that dropped 21% year-on-year by value in the first half of last year after a 23% slump in 2022.

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