China’s fiscal revenue falls in 11 months

China’s fiscal revenue decreased 0.6 per cent in the first 11 months of 2024 compared to the previous year, marking an improvement from the 1.3 per cent decline in the January-October period.

Fiscal expenditure increased 2.8 per cent during this period, slightly higher than the 2.7 per cent growth in the first 10 months.

The recovery of China’s economy in November was uneven, with bank lending growth below expectations and consumer inflation at a five-month low, prompting calls for additional stimulus to boost domestic demand.

Attribution: Reuters

Subediting: Y.Yasser