China’s property bust exposes deep cracks in local government finances: Report

IANS | October 4, 2026 12:53 PM

New Delhi, Oct 4 (IANS) China’s prolonged property downturn has exposed deep vulnerabilities in a local government financing model that relied heavily on land sales and off-budget borrowing, with the resulting fiscal strain increasingly weighing on businesses, workers and economic growth, a report has said.