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CHINA PRESS: Local Government Land Revenue Decline To Narrow In 2025

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Declining local government land-sale revenue is expected to narrow to single digits in 2025, given the ongoing structural adjustment in the property sector, according to Luo Zhiheng, chief economist at Yuekai Securities. Ministry of Finance data showed land-sale revenue fell 16% last year. Luo said authorities had increased optimism given the acceleration of high-quality plots and revitalising land, however, corporate confidence in acquiring land remained low given high debt risks. (Source: 21st Century Business Herald)

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Declining local government land-sale revenue is expected to narrow to single digits in 2025, given the ongoing structural adjustment in the property sector, according to Luo Zhiheng, chief economist at Yuekai Securities. Ministry of Finance data showed land-sale revenue fell 16% last year. Luo said authorities had increased optimism given the acceleration of high-quality plots and revitalising land, however, corporate confidence in acquiring land remained low given high debt risks. (Source: 21st Century Business Herald)