Logo 10 Mar 2021

Sluggish fiscal rebound for 2021

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China’s economic growth is set to bounce back this year, but the outlook for government revenue isn’t so rosy.

Anticipated government revenue for 2021 is RMB 21.45 trillion – up only 1.8% from last year (Caixin).

Tax and non-tax revenues (like fees and fines) should see decent growth: