China October Fiscal Revenues Up 16 Percent

China’s fiscal revenues in October rose 16.2 pct from a year earlier to 1.2 trillion yuan ($197 billion), the Ministry of Finance said on Wednesday, accelerating from September’s 13.4 percent rise.

Fiscal revenues grew 9.4 percent in the first 10 months from the same period last year to 11.1 trillion yuan, the ministry said in a statement on its website, www.mof.gov.cn.

China’s fiscal expenditures rose 10 percent in the first 10 months of this year from the same period a year earlier to 10.2 trillion yuan, the ministry said. It did not give spending figures for October alone.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza