China leaned harder than ever on state-owned enterprises in 2025 to cover government spending, siphoning over 574 billion yuan from SOEs into the public budget, Bloomberg News reported Thursday.

The amount, nearly 12 times the amount 10 years ago, far exceeded stamp duty revenue, according to the report.

The move comes as Beijing scrambles to offset an almost unprecedented decline in budget receipts, increasingly forcing profitable state giants to foot more of the government's bill, Bloomberg wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)