CX Daily: China’s Cash-Strapped Local Governments Struggle to Revive Land Sales

Land /

In Depth: China’s cash-strapped local governments struggle to revive land sales

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.