A man walks through a partially operating Evergrande commercial complex (L), next to an Evergrande residential compound (R) in Beijing on Jan. 30, 2024. Pedro Pardo/AFP via Getty ImagesChina’s local governments are becoming increasingly dependent on financial support from Beijing as tax revenues and land-sale income fail to keep pace with spending obligations, according to the regime’s official data.Budget figures released by finance departments across mainland China show that 28 provincial-level regions—including Beijing, Shanghai, Guangdong, and other major economic centers—were unable to generate enough revenue through their general public budgets to cover expenditures during the first quarter of 2026.
Chinas Local Governments Grow More Dependent on Beijing as Revenue Shortfalls Deepen
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