August 5, 2026China’s property slump is hollowing out the industry’s middle tier, leaving fewer developers able to sustain large-scale sales, reports Caixin. Only six developers recorded sales of between RMB 30 billion ($4.4 billion) and RMB 100 billion in the first seven months of 2026, four fewer than in the same period a year earlier, according to data from China Index Academy (CIA). Three years earlier, 27 developers occupied that range. The top 100 developers spent RMB 418.9 billion on land purchases in the first seven months of 2026, a 27.6% drop from the previous year. Total newly added inventory also fell 25.9% during the same period, erasing a brief recovery in 2025 when land purchases rose 34.3%.