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Thanks for your comment! I thought that Chinese local governments receive central government tax revenue shares and sell/develop land property as main income s

by wuschel 7mo ago

Thanks for your comment! I thought that Chinese local governments receive central government tax revenue shares and sell/develop land property as main income source. May I ask where you got some of the information from (e.g. re ownership and taxation structure in China)? Any sources?

carefree-bob 7mo ago
They do not. I know, it's crazy. I am sure there are political/economic/historical reasons, but the central government does not share tax revenue with the provinces, putting the provincial government in a really tight spot. Also, the inability of the central government to collect income taxes is something people in the West can't wrap their heads around. For information about this, look at: https://china.ucsd.edu/_files/2023-report_shih_local-government-debt-dynamics-in-china.pdf https://china.ucsd.edu/_files/2023-report_shih_local-governm... https://rhg.com/research/the-myth-of-chinas-fiscal-space/ https://rhg.com/research/the-myth-of-chinas-fiscal-space/