China’s fiscal revenue tumbled more than 41% in April from a year earlier as the government refund some taxes to help businesses weather the impact of Covid-19 restrictions.
Fiscal revenue reached about 1.23 trillion yuan in April, slumping 41.3% from the same period last year, according to calculations based data released by the Ministry of Finance on Tuesday.
SIGN IN OR SUBSCRIBE TO GET FULL ACCESS.
We build ONE UP-TO-THE-MINUTE TIMELINE to help you keep up with China Markets!
Scroll To Stay Updated!