China Boosts Fiscal Spending as Land Sales Revenue Plunges in Q1

9 articles · Updated · Crypto Briefing · Apr 24

China's fiscal spending rose 2.6% year-on-year in the first quarter of 2026, according to the Ministry of Finance.
Fiscal revenue also increased by 2.4% to RMB6.16 trillion, while government land sales revenue fell sharply by 24.4%.
The rise in spending reflects Beijing's efforts to offset real estate sector weakness, aiming to support economic growth amid declining land sales.

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