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Most local governments post slower growth in fiscal revenue in 2019, cut targets for 2020

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Chinese provincial governments saw their fiscal revenue grow at a significantly slower pace in 2019, indicating their fiscal strains amid the economic slowdown and the big-scale tax and fee cuts.

As of January 21, among the 23 provinces or provincial-level cities that have announced 2019 fiscal revenue, 21 saw the growth slow in 2019 from the previous year and 12 of them lowered fiscal revenue growth targests for 2020.

The northeastern Jilin province . . .

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