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In Depth: Chinese Local Governments Foresee Heightened Fiscal Pressure

By Cheng Siwei and Qing Na
2025年02月27日 18:06
Nearly half of provincial-level authorities have set lower general public budget revenue growth targets this year in the face of persistent economic hurdles

Chinese local governments anticipate greater fiscal pressure in 2025, with many setting conservative revenue targets for the year, as they face economic hurdles including persistently weak prices and an ailing property market.

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