Clarifying the intrinsic nature and formation mechanisms of the territorial spatial development non-equilibrium, optimizing the allocation of territorial resources, promoting regional balanced development, and alleviating regional development disparities have become common endeavors of all countries seeking to enhance development quality. This study, based on the land use and socio-economic data of 31 provinces and cities in China from 2006 to 2020, utilized the kernel density estimation method and ArcGIS spatial analysis to explore the spatiotemporal evolution characteristics of China’s territorial spatial development non-equilibrium. The research findings are as follows: (1) From 2006 to 2020, both the land development intensity and land supply capacity showed an increasing trend, with increases of 21.4% and 8.03%, respectively. However, their spatiotemporal evolutions significantly differed. (2) The state of the territorial spatial development non-equilibrium in China significantly improved, with a rising trend in the territorial spatial equilibrium degree. Regional disparities in the territorial spatial equilibrium degree decreased. The number of provinces and cities in a state of underdevelopment decreased from 23 to 8, while the number in an equilibrium state increased from 7 to 21. The central and western regions showed more significant improvements in the territorial spatial equilibrium degree and a greater reduction in regional disparity when compared to the eastern and northeastern regions. (3) China exhibited distinct regional disparities in the territorial spatial equilibrium degree. The overdeveloped areas were Beijing and Shanghai. The underdeveloped regions were primarily concentrated in western areas, including Sichuan, Yunnan, and Xinjiang. The high-level equilibrium regions were predominantly located in the southeastern coastal provinces and the central plains region, while the low-level equilibrium regions included Inner Mongolia, Ningxia, Qinghai, and the three northeastern provinces. (4) From the perspective of the number of agglomeration types, the order is HH (high–high) > LH (low–high) > LL (low–low) > HL (high–low), and China’s TSED exhibits a spatial proximity peer effect. The innovation of this study consists of the following aspects: (1) The clarification of the fact that the essence of equilibrium does not require an exact 1:1 match, as with “two horses”; rather, it entails the maintenance of a slight surplus of land supply capacity over land development intensity. This approach allows the possibility of future sustainable development by leaving room for expansion. (2) The differentiation between high-intensity conjugation (in terms of both quantity and quality) and low-intensity conjugation (quantity only) from a conjugate perspective. This categorization aids in a more comprehensive and in-depth understanding of the territorial spatial development non-equilibrium and its spatiotemporal patterns. It provides crucial information for the formulation of sustainable national territorial development plans and the promotion of a regional development equilibrium.