China's Land Sales Revenue Plunges 31.5% in H1 2026 Amid Developer Caution
政府卖地收入大降31.5% 开发商拿地趋于谨慎 Revenue from land sales by China's local governments fell 31.5% year-on-year in the first half of 2026, according to Ministry of Finance data cited by state media. The steep decline underscores the depth of