China’s land sales revenue decline narrows in first half of 2025

Published 25/07/2025, 11:18
China’s land sales revenue decline narrows in first half of 2025

Investing.com -- China’s government land sales revenue showed signs of improvement in the first half of 2025, with the rate of decline narrowing compared to earlier months, according to data released by the finance ministry on Friday.

Revenue from government land sales fell 6.5% year-on-year in the January-June period, a significant improvement from the 11.9% drop recorded in the first five months of the year.

Land sales represent a major source of fiscal income for local governments in China. These revenues have been declining substantially since 2022, when developers facing financial constraints began reducing their land purchases amid slower economic growth.

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