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