China fiscal revenue rises 6.9% in July
China's fiscal revenue rose
Beijing - XINHUA
China's fiscal revenue rose 6.9 percent year on year to 1.27 trillion yuan (206.5 billion U.S. dollars) in July, slowing from the 8.8-percent rise seen in June, the Ministry of Finance said on Monday.
In the first seven months, fiscal revenue went up 8.5 percent to 8.73 trillion yuan, according to the ministry.
The pace of fiscal spending also slowed. In July, the national fiscal expenditure went up 9.6 percent to 1.03 trillion yuan, retreating from the 26.1-percent surge in June.
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