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CHINA PRESS: Eastern Province Fiscal Budgets Expected To Increase This Year

CHINA PRESS
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Major eastern provinces expect their general public budget revenue to increase around 3% in 2025, lower than the anticipated economic growth rate, but higher than last year’s 1.3%, according to 21st Century Business Herald. Guangdong, Jiangsu, Zhejiang, Shanghai, Shandong and Beijing are expected to grow by 3%, 2%, 2%, 2%, 3%, and 4%, the Herald noted. Bai Yanfeng, professor at the Central University of Finance and Economics, noted that proactive fiscal policies in 2025, including a higher deficit ratio will stimulate economic recovery.

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Major eastern provinces expect their general public budget revenue to increase around 3% in 2025, lower than the anticipated economic growth rate, but higher than last year’s 1.3%, according to 21st Century Business Herald. Guangdong, Jiangsu, Zhejiang, Shanghai, Shandong and Beijing are expected to grow by 3%, 2%, 2%, 2%, 3%, and 4%, the Herald noted. Bai Yanfeng, professor at the Central University of Finance and Economics, noted that proactive fiscal policies in 2025, including a higher deficit ratio will stimulate economic recovery.