China’s fiscal revenues fall 2.8% in first five months of 2024


Alphavalue / Divacons | China’s fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed yesterday, as weak demand weighs on the economic recovery. Fiscal spending rose 3.4% in the first five months, compared with a 3.5% increase in the first four months, according to Finance Ministry data.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.