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

Topic |   China property
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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