Robust corporate tax receipts boost general budget, even as plunge in land revenues squeezes local finances
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Year-on-year change in general public budget revenue China’s Fiscal Revenue Gains Momentum Note: January and February data are combined. Sources: Ministry of Finance, CEIC, Caixin -25 -20 -15 -10 -5 0 5 10% Jan.-Feb.2025 Jan.-Feb.2026 July June 8.7% China’s fiscal revenue growth accelerated in June, driven by surging corporate tax receipts, even as local government land sales suffered a deepening slump.
Recovering producer prices boost tax receipts while weak land sales continue to pressure local finances
Higher prices, stronger imports and tighter tax compliance lift March revenue, but weak land sales remain a drag
Early surge in budget outlays contrasts with weak revenue growth
A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…
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…
China's tax revenue tops 10t yuan in H1 as economy improves
