China’s Local Governments Sell Assets To Raise Cash – Caixin

China’s local governments are selling off idle properties and mining rights to raise funds as the country’s faltering economy puts pressure on its fiscal revenues, Caixin Global reported.

General public revenue was down 9.2% in the first seven months of this year to $1.8 trillion, said the report, whilst tax revenue, excluding rebates, declined 13.8%.

Read the full report: Caixin Global

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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