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The fiscal fallout from China's property bust
Original: The fiscal fallout from China’s property bust
China's prolonged property downturn is straining public finances, as land sales to developers—long a key revenue source for local governments—collapse, widening budget deficits and constraining spending. Commentators are examining how deeply local debts are exposed and what policy options Beijing has to cushion the fiscal hit while stabilising the struggling housing sector.
Why now: Analysts and policymakers are weighing the growing hit to Chinese local government revenues from the ongoing property market slump.
ChinaChinese local governments
Evidence
- The fiscal fallout from China’s property bust · East Asia Forum
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