-
China Jan-Sept fiscal revenue growth slows amid shaky recovery
China's fiscal revenue grew 8.9 per cent in the first nine months, decelerating from a 10 per cent gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal revenue hit 16.67 trillion yuan ($2.28 trillion)during January-September, while fiscal expenditure rose 3.9 per cent to 19.79 trillion yuan, data from the finance ministry showed on Tuesday. In September alone, fiscal revenue fell 1.3 per cent year-on-year, compared with a 4.6 per cent fall in August, according to Reuters calculations based on the ministry's data. Fiscal spending was up 5.2 per cent, cooling from a ... (full story)