Jiangsu fell 0.4 percentage point short of its budget target set at the start of 2018. Photo: Xinhua
Jiangsu fell 0.4 percentage point short of its budget target set at the start of 2018. Photo: Xinhua

China’s economic policy dilemma increases as boosting growth is eating into local government coffers

  • Most of the nation’s 31 provinces failed to meet 2018 budget targets after China’s cut in value-added tax last year
  • Analysts expect fiscal revenue growth to slow further due to planned business tax cut

Jiangsu fell 0.4 percentage point short of its budget target set at the start of 2018. Photo: Xinhua
Jiangsu fell 0.4 percentage point short of its budget target set at the start of 2018. Photo: Xinhua
READ FULL ARTICLE