Jun 21, 2022 09:12 PM

In Depth: To Keep Stimulus Flowing, China’s Local Governments Need a Budget Fix

For China, fixing a slowing economy may hinge on making sure local governments aren’t strapped for cash.

In the wake of the country’s worst Covid outbreak since 2020, central government policymakers have introduced a package of measures to stimulate growth, including tax and fee cuts, deferred social insurance payments for companies, more credit support for small businesses, and accelerated bond issuances to finance infrastructure construction.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription