Land Finance Collapse · Full chronicle and history

Data from the Ministry of Finance shows that national revenue from the transfer of state-owned land use rights has dropped to over 970 billion yuan, a year-on-year decrease of 31.5%.

Data released by the Ministry of Finance show that national land transfer revenue in the first 5 months of 2026 was 804.8 billion yuan, a year-on-year decline of 28.7%.