After Beijing tightened property regulations, local governments have been struggling to sell land – a key source of revenue. Illustration: Henry Wong
After Beijing tightened property regulations, local governments have been struggling to sell land – a key source of revenue. Illustration: Henry Wong

How China’s property crackdown is being felt in a remote city steeped in Communist Party lore

  • Beijing’s push to reduce excessive borrowing in the property sector and tame house prices is hurting regional finances
  • The policy tightening could be related to the current political cycle ahead of the 20th Party Congress, some analysts say

After Beijing tightened property regulations, local governments have been struggling to sell land – a key source of revenue. Illustration: Henry Wong
After Beijing tightened property regulations, local governments have been struggling to sell land – a key source of revenue. Illustration: Henry Wong
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