Nanning city “sold” same plot of land 18 times to inflate fiscal revenue

China Budget Fraud Scandal Exposes Mounting Fiscal Strains Beyond Smaller Cities

A budget manipulation scandal in the southern Chinese city of Nanning has drawn rare public condemnation from provincial authorities, highlighting growing strains on local government finances as China’s prolonged property downturn erodes a key source of public revenue. Officials in Guangxi Province convened a special meeting on July 3 to address the case after investigators found that its capital city, Nanning, had inflated its 2024 fiscal reven…

Nanning city “sold” same plot of land 18 times to inflate fiscal revenue

A local government in China has been found to have falsified land sale deals to inflate fiscal revenues amid a five-year slump in the country’s property market, reports the South China Morning Post. The Communist Party’s Central Commission for Discipline Inspection (CCDI) said that in one case, a plot of land in Nanning, the capital of southern China’s Guangxi Zhuang […]