Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How Chinas Cash-Strapped Cities Are Selling Land to Tech Companies
Episode 102: Lucas and Luna explore a quiet but significant shift in China's local government finance: distressed municipal authorities are selling land parcels to tech giants like Alibaba, Tencent, and ByteDance at deep discounts in exchange for jobs and tax revenue. Using the case of Hangzhou's recent sale of a 200-acre plot to Alibaba's cloud division for just 30% of assessed value, the hosts break down why this marks a departure from the old property-driven model. They connect the trend to China's broader economic rebalancing, weak property tax receipts, and the…
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