China's fiscal revenue fell the most in 11 years as economy put on hold amid coronavirus outbreak

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Chinese government's fiscal revenue declined by the most in 11 years in the first two months as the measures to contain the coronavirus outbreak put business activities on hold.

Total fiscal revenues of China’s central and local governments fell 9.9 per cent in the first two months of the year from the same period last year to 3.5 trillion yuan ($493 billion), the steepest drop since February 2009, data from the Ministry of Finance showed.

In February alone, the total fiscal income plunged 21.4 per cent from the . . .

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