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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.