China's fiscal deficit follows Evergrande, power crunch as next worry

Beijing's budget shortfall set to double to over $150 billion in 2025

20210927N Beijing elderly men

China's baby-boom generation is set to begin hitting the statutory retirement age next year. © Reuters

IORI KAWATE, Nikkei staff writer

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.

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