On July 22, 2026, Bloomberg reported that the Chinese government's fiscal spending in June fell sharply by 11.9% year-on-year, while local land transfer revenue in the first half of the year plunged by more than 30%, reflecting local fiscal difficulties and the government's strict control over spending.
Evidence EVIDENCE
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李老师不是你老师TG
2026-10-04 01:49 · 🖼 “财政要过紧日子”
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联合新闻网：彭博：中国继续收紧财政
2026-10-06 18:25 · 大陸官方6月廣義財政支出同比下降11.9%，創去年10月以來最大降幅，顯示政府進一步收緊財政政策。
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Context CONTEXT
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This event
China's June fiscal spending falls over 10% year-on-year, the biggest drop in 10 months
2026.07.22 · Reported
Effect
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