Economy

Reuters reveals a $1 trillion headache: China’s local fiscal shortfall poses broader growth risks

16 October 2022, 6:58 pm 1 minute

Reuters shed light on budget shortfalls facing Chinese provinces. The shortfalls are reducing the provinces’ fiscal firepower to fund infrastructure spending and tax cuts, and raising risks for the world’s second-biggest economy in 2023.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Government & Public Services

Regions: Asia

Countries: Chile

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

More of Reuters Best

Wells Fargo asset cap likely to be lifted next year

Reuters reveals a $1 trillion headache: China’s local fiscal shortfall poses broader growth risks

More of Reuters Best

Wells Fargo asset cap likely to be lifted next year

India’s Andhra Pradesh state likely to suspend Adani power deal

Buffett refines plans for his fortune, donates more Berkshire shares

Nvidia’s AI chip demand still booming but slowing sales growth worries investors