# local government
Latest news and articles about local government
Total: 4 articles found
China’s Provinces Double Down on Austerity — But Savings, Risks Remain
All 31 Chinese provinces have reiterated a central directive to tighten administrative spending in 2026, seeking to free funds for core economic and social priorities. While many report concrete savings in items like official travel and meeting budgets, officials also acknowledge enforcement shortfalls and limited remaining scope for cuts, raising questions about substitution effects and broader fiscal health.
Former A‑Share Solar Champion Faces Delisting Risk as Creditors Push for Pre‑restructuring
Yijing Photovoltaic, a once‑prominent A‑share solar module maker, has been hit by creditor applications for pre‑restructuring, prompting an immediate delisting warning under exchange rules. The company is burdened by heavy losses, mounting litigation and a local government effort to reclaim 140 million yuan tied to a stalled project, raising real prospects of restructuring or bankruptcy.
Beijing Scolds Kaohsiung Officials: ‘Talking Dialogue, Practicing Confrontation’
China’s foreign ministry reproached comments from Kaohsiung officials for simultaneously professing a desire for dialogue while taking actions Beijing deems confrontational. The rebuke signals Beijing’s low tolerance for perceived mixed messaging from Taiwanese local authorities and underscores how municipal interactions have become arenas of broader cross‑strait contestation.
China’s Land-Sale Boom Collapses: Local Governments Face a Trillion‑Dollar Shortfall as Property Slump Deepens
China’s local governments saw land‑sale revenues fall for a fourth straight year in 2025, dropping to about ¥4.15 trillion and roughly halving since the 2021 peak. The slump has tightened municipal budgets, increased debt pressure and cut land‑related spending, prompting proposals for central fiscal backstops and targeted measures to stabilise the housing market in 2026.