The Chinese Communist Party (CCP) regime’s fiscal balance for the first three quarters of 2022 shows that revenue for the country’s general public budget fell by 6.6 percent year-on-year, while revenue for the government funding budget fell 24.8 percent year-on-year, although corresponding expenditure increased significantly. The Chinese Ministry of Finance announced the figures on Oct. 25….
CCP’s Budget Deficit Reaches Nearly $1 Trillion
November 10, 2022
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Business & MarketsChinaChina Business & EconomyChina deficitChina economychina local government debtChinese Regimeeconomy
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