BEIJING -- Already grappling with the twin trouble of the Evergrande crisis and a crippling power shortage, China also faces the long-term problem of a rapidly rising fiscal deficit -- a challenge that could force Beijing to tackle unpopular reform.
China's fiscal deficit is on track to more than double to over $150 billion in 2025, as a slowing rise in tax intake and impending mass retirements among the baby boom generation further weight on government finances.
