China’s fiscal revenue fell for second straight month, revenue from land sales declined for 4th month in a row

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China's fiscal revenue declined on year in October for the second straight month as economic recovery slows, while fiscal spending returned to growth. In particular, the government's revenue from land sales slid for the fourth consecutive month amid the cash crunch in the real estate sector.

Fiscal revenue fell slightly by 0.1% in October from a year earlier to 1.75 trillion yuan, narrowing by 2 percentage points from September, according to . . .

 

 

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