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China Q1 fiscal spending up 2.6% as land sales income drops 24.4%

China Q1 fiscal spending up 2.6% as land sales income drops 24.4%

China's Q1 fiscal spending increased by 2.6% in 2026, aiming to offset a 24.4% drop in land sales income. The decline in land sales impacts government revenue and GDP growth expectations, influencing overall market dynamics. The government’s increased spending reflects efforts to stabilize the economy amid ongoing real estate sector challenges.

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