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

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