China’s fiscal revenue back to growth for first time this year in Jun, fiscal spending falls at faster pace

 

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China's fiscal revenue in June returned to growth for the first time this year due to a pick-up in tax collections as the economy recovered more quickly from the fallout of the coronavirus outbreak.

China's fiscal revenue rose 3.2 per cent year over year in June, improving sharply from a 10 per cent drop in the previous month, ending a five-month falling streak, according to data released by the Ministry of Finance on Friday.

In breakdown, the government's tax revenue increased 9 per cent from a year ago, also . . .

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