Property News · November 18, 2022

China debt: local government ‘land grabs’ raise concerns amid tumbling fiscal revenues


Budget deficits for local governments in China have been growing as a result of rising spending and a slump in land sales and tax revenues, with some turning to land purchases via local government financing vehicles (LGFVs).

Source : South China Morning Post
Read more…China debt: local government ‘land grabs’ raise concerns amid tumbling fiscal revenues