According to the Ministry of Finance, the revenue from the transfer of state-owned land use rights in local government funds in the first half of the year was 1,526.3 billion yuan, a year-on-year decrease of 18.3%
It would be good to have 3 trillion yuan for the whole year. Compared with 8 trillion yuan in 2021, it is more than 5 trillion yuan less. This hole can no longer be filled by issuing bonds