Higher prices, stronger imports and tighter tax compliance lift March revenue, but weak land sales remain a drag
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China’s Fiscal Revenue Growth Fastest in Over a Year
Robust corporate tax receipts boost general budget, even as plunge in land revenues squeezes local finances
Recovering producer prices boost tax receipts while weak land sales continue to pressure local finances
Early surge in budget outlays contrasts with weak revenue growth
Local government strain deepens as May land sales tumble 36%
As the era of land-based finance fades, Beijing must ramp up special-purpose bonds and policy tools to plug a widening government…
A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…
