China’s provincial governments have seen their fiscal revenues slump this year. Photo: Reuters

Chinese provinces count the cost of trade war, tax reforms as fiscal revenue growth slumps

  • Official figures show average growth rate among 28 province-level authorities in first nine months was just 3.1 per cent, compared with 7.8 per cent for the same period of 2018
  • Beijing saw its fiscal revenue grow by just 0.3 per cent in the January-September period, down from 6 per cent a year earlier
Topic |   China economy

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China’s provincial governments have seen their fiscal revenues slump this year. Photo: Reuters
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.