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Uncertainty Over Government Revenue Remains - Expert

CHINA PRESS
MNI (BEIJING)

China’s fiscal revenue should expand this year but factors such as long-term epidemic impacts and tax reduction policies bring uncertainty, according to Wang Zecai, a researcher at the Chinese Academy of Fiscal Sciences. A Ministry of Finance spokesperson said local government debt risks were distributed unevenly, but the overall financial situation remained healthy. In future, local governments will benefit from the economic recovery, self-help reforms and national support. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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