China’s fiscal spending returned to growth in August, while fiscal revenue grew at slowest pace this year

China fiscal revenue

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China's fiscal spending climbed back to growth in August and analysts believe that, given the persistent weakness in domestic amid Covid-19 flare-ups and rising downward pressure on the economy, Beijing is expected to accelerate fiscal spending in the rest of the year.

The country's total fiscal spending in the first eight months of the year reached 15.5 trillion yuan, rising 3.6 per cent from the same period last year, according to data released by the Ministry of Finance on Friday. In breakdown, the central government's spending fell 3.6 per . . .

 

 

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