The Ministry of Finance released 1H 2026 fiscal revenue and expenditure data.
Property tax: 278.2 bln yuan, +6.3% YoY. Deed tax: 201.9 bln yuan, -14.7% YoY.
Urban land-use tax: 140.8 bln yuan, +2.6% YoY. Vehicle purchase tax: 115.3 bln
yuan, +13.7% YoY.