China’s fiscal revenue fell faster in November, land sale revenue declined for 5th straight month
China’s fiscal revenue fell faster in November, land sale revenue declined for 5th straight month

China’s fiscal revenue fell faster in November, land sale revenue declined for 5th straight month

 

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China's fiscal revenue declined at a faster pace in November after the government deferred tax payments for smaller companies in the manufacturing sector, coal-fired power companies and heating firms and meanwhile land sale revenue declined for the 5th consecutive months.

China's fiscal revenue reached 972.6 billion yuan in November, sliding 11.2% from a year earlier, the fastest drop so far this year and weakened from the 0.1% drop in . . .

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