Peterson Institute for International Economics on Mythryl: “Land finance helped build China, but left local government finances…”

Peterson Institute for International Economics

Land finance helped build China, but left local government finances hostage to the housing cycle. Now that the bubble has burst, China must recalibrate its fiscal system to fund public services, respond to shocks & support the country’s growth model transition without relying on land.

eastasiaforum.orgThe fiscal fallout from China’s property bustBeijing’s debt swaps have eased the pressure on local governments, but only deeper fiscal reform can stop China’s property bust from destabilising the wider economy

5/10/26, 5:00 pm0 reposts1 like

Post