China's Fiscal Revenue Decline Worsens Amid Economic Challenges
In the first five months of 2024, China saw a 2.8% drop in fiscal revenue compared to the previous year, marking an increase from the 2.7% decline reported in January-April. This downturn reflects the ongoing struggles with weak economic demand. Meanwhile, fiscal spending grew by 3.4%, slightly down from the 3.5% rise in the first four months, as per Finance Ministry reports.
#ChinaEconomy #FiscalPolicy #EconomicUpdate #FinancialNews
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2024-07-01 14:06:29
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2024-07-01 14:06:29Event JSON
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"content": "China's Fiscal Revenue Decline Worsens Amid Economic Challenges\n\nIn the first five months of 2024, China saw a 2.8% drop in fiscal revenue compared to the previous year, marking an increase from the 2.7% decline reported in January-April. This downturn reflects the ongoing struggles with weak economic demand. Meanwhile, fiscal spending grew by 3.4%, slightly down from the 3.5% rise in the first four months, as per Finance Ministry reports.\n\n#ChinaEconomy #FiscalPolicy #EconomicUpdate #FinancialNews ",
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