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THE BRIEF: The Local vs. Central Divide

www.realchinacharts.com

THE BRIEF: The Local vs. Central Divide

Charting local and central government finances, consumer confidence, unemployment

China Charts
Sep 30, 2022
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THE BRIEF: The Local vs. Central Divide

www.realchinacharts.com

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…

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