Addressing the Fiscal Disparity Between China's Central and Local Governments

Saturday, 22 June 2024, 22:00
The upcoming third plenum in China aims to offer solutions to the growing fiscal challenges between the central and local governments. This disparity poses a threat to sustainable development and needs urgent attention. By bridging this fiscal gap, China can pave the way for more stable economic growth and fiscal responsibility.
South China Morning Post
Addressing the Fiscal Disparity Between China's Central and Local Governments

China's Fiscal Disparity

A fiscal gulf exists between China’s central and local governments, affecting sustainable development.

Challenges Ahead of Third Plenum

  • Debt Management: Local fiscal debts remain a significant concern.
  • Economic Stability: Bridging the gap is crucial for stable growth.

By addressing these issues, China seeks to ensure a more balanced and sustainable fiscal policy.

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