How much do the local government depend on real estate revenue?

China's real estate developers are faltering as they face dwindling sales, massive losses, and mountains of debt. Will they bring down the local governments who have been the force behind China's decades of real estate boom? How dependent are China's local governments on the real estate industry in terms of value and percentage? Lei provides her analysis, and the numbers are shocking. In anticipation of a fallout of the real estate sector, what are the finance directors of the local governments busy with now?
0:00 The quantification of local government's dependence on real estate
16:14 How are the local governments dealing with the crisis?
35:13 Q&A

Sign up for my emails: https://leisrealtalk.com/
Donation: https://donorbox.org/support-lei-s-real-talk-support-lei
Ideas/Suggestions: [email protected]
#leisrealtalk #china #chinaeconomy #chineseeconomy #realestatebubble
References:
https://xueqiu.com/6615553088/258152089
https://news.sina.cn/gn/2023-08-12/detail-imzfvyzm8656909.d.html


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/-the-2-trillion-plunge-unraveling-the-value-of-commercial-real-estate-