粤开宏观：1949-2025年中国各省份财政收入排名变迁

Revenue Growth - In 2025, local fiscal revenue increased by 2.4%, accelerating by 0.7 percentage points compared to 2024, significantly higher than the central fiscal revenue growth rate of -6.5%[14] - Fiscal revenue growth rates for eastern, central, western, and northeastern regions were 2.5%, 1.1%, 2.6%, and 4.5% respectively[14] - 27 provinces achieved positive fiscal revenue growth in 2025, while Shanxi, Shaanxi, Inner Mongolia, and Qinghai experienced negative growth due to declining commodity prices[14] Regional Analysis - Eastern provinces showed a notable recovery in fiscal revenue growth, with Guangdong, Jiangsu, Shanghai, and Zhejiang experiencing increases of 5.3%, 1.0%, 0.8%, and 0.6 percentage points respectively compared to 2024[14] - The central region faced increased fiscal revenue pressure due to economic restructuring and external demand weakness, with Hubei entering the top ten in fiscal revenue rankings[12] - Western provinces' fiscal revenue growth slowed significantly, influenced by fluctuations in commodity prices, with Inner Mongolia experiencing a decline[14] Historical Context - Since 1949, China's regional economic landscape has transformed significantly, particularly after the 1978 reform and the 1994 tax-sharing system reform, leading to fiscal revenue disparities among provinces[2] - The top five provinces in fiscal revenue from 2001 to present have consistently been Guangdong, Jiangsu, Zhejiang, Shanghai, and Shandong, reflecting a close correlation between fiscal revenue and regional economic activity[9] - The Northeast region, once a leading industrial base, has seen a decline in fiscal revenue due to slow market reforms and an aging population, with Liaoning dropping out of the top ten fiscal revenue rankings since 2015[10]