Chinese regions set budget targets for 2026
According to reports from the governments of 31 Chinese regions, all have planned an increase in local budget revenues for 2026. Target growth rates range from 0.5% to 10%, with a national average of 2.7%, roughly consistent with the 2025 level.
Source Weixin
Most regions are aiming for cautious growth: 23 provinces, including wealthy Guangdong, Jiangsu, and Zhejiang, have set targets between 2% and 4%. Meanwhile, more than half of the regions (18) have reduced their revenue forecasts compared to last year.
The highest expected growth rate is in the Xinjiang Uygur Autonomous Region at 10%, driven by strong performance in the mining sector. This highlights the varied economic development across China’s regions and the influence of key industries on local government revenues.
