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CX Daily: China’s Local Fiscal Recovery Hides Scramble to Plug Budget Holes

Published: Jun. 3, 2026 9:00 a.m. GMT+8

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The 2025 budget reports released by 31 Chinese provincial-level regions painted a picture of a broad-based recovery in the finances of local governments. Overall fiscal revenue grew 2.4% and all but four regions reported increases.

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