On August 13, 2026, China's provinces released their fiscal data for the first half of the year. National local land transfer revenue plummeted 31.5% year-on-year, and grassroots finances face severe pressure to guarantee the "three essentials."
Evidence EVIDENCE
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李老师不是你老师TG
2026-10-04 01:54 · 🖼 31省财政半年报出炉：地方卖地收入暴跌31.5%，江西财政收入下降7.2%
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第一财经：31省上半年财政收入出炉
2026-10-09 01:19 · 第一财经记者根据各省份官网公开信息梳理发现，31省份（自治区、直辖市）公开了上半年当地一般公共预算收支数据（详见下表）。
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东方财富（财联社）：财政部公布上半年国有土地使用权出让收入
2026-10-09 01:19 · 地方政府性基金预算本级收入12847亿元，同比下降25.6%，其中，国有土地使用权出让收入9778亿元，同比下降31.5%。
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Context CONTEXT
Cause
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This event
Fiscal Data for All 31 Chinese Provinces in First Half of Year Released; Local Land Transfer Revenue Plunges Over 30% Year-on-Year
2026.08.11 · Verified
Effect
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