# tax revenue
Latest news and articles about tax revenue
Total: 2 articles found
China’s Provinces Lower Revenue Targets as Fiscal Strains Force a Shift from Growth to Quality
More than half of China’s provinces have lowered or held flat their 2026 general public budget revenue targets, reflecting tighter fiscal conditions, weaker commodity prices and prudential planning ahead of the new five-year cycle. The reprioritisation from growth to fiscal ‘quality’ aims to create space for debt resolution and maintain essential spending, but it limits provinces’ capacity for large-scale stimulus.
China’s 2025 Fiscal Year: Stable Taxes, Bigger Bond-Financed Spending and a Bold Childcare Bet
China ended 2025 with modestly lower overall budget revenue but slightly higher tax collections and expanded spending financed in part by a surge in bond deployment. Authorities combined a universal childcare cash subsidy with accelerated bond-financed projects to boost demand while maintaining targeted social and scientific spending.