BEIJING (Reuters) - China's fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as ...
BEIJING - China's fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in theBEIJING - China's fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in the wake of recent policy support measures.
In August alone, fiscal revenue fell 4.6% on year, cooling from a 1.9% gain in July, according to Reuters calculations based on the official data. Meanwhile, fiscal expenditure rose 7.2%, sharply reversing a 0.8% slide in July. Government revenue from state land sales fell for the 20th consecutive month in August, extending declines to 22.2% from a year earlier from a fall of 10.1% in July, according to Reuters calculations based on the ministry's data.
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