Fiscal Spending in China Rose by 5.4% in July

Fiscal spending in China increased by 5.4% year-on-year in July, but growth was much slower than the 19.1% increase seen in June. At the same time, budget revenues grew by 11.1% in July, the report of the Chinese Ministry of Finance said.

It also became known, that from January to July this year, budget expenditures in China increased by 14.5% compared to the corresponding period last year.