China has experienced a consecutive decline of fiscal revenue growth, due to its economic slowdown. ANBOUND senior researcher He Jun states that this alerting phenomenon can be regarded as an outward manifestation for China's fiscal downturn. If the trend continues, both central and local finance will come under intense pressure. Although the keynote of this year’s macro policy is active fiscal policy and prudent monetary policy, it is likely that the active fiscal policy may turn to an inactive one, due to the mounting pressure for fiscal income increase.