Real China Charts

Real China Charts

Share this post

Real China Charts
Real China Charts
THE BRIEF: The Local vs. Central Divide
Copy link
Facebook
Email
Notes
More

THE BRIEF: The Local vs. Central Divide

Charting local and central government finances, consumer confidence, unemployment

Real Charts's avatar
Real Charts
Sep 30, 2022
∙ Paid
9

Share this post

Real China Charts
Real China Charts
THE BRIEF: The Local vs. Central Divide
Copy link
Facebook
Email
Notes
More
1
Share

TL;DR

China’s local governments operate in a deficit while the central government enjoys a surplus. Local governments likely won’t be able to boost year-end revenues with land transfers because of the persistent property slump.

Consumer confidence fell off a cliff in April and has not recovered. Youth unemployment remains high. Monetary policy may be out…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Real Charts, LLC
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More