China’s fiscal spending rose at a slower pace in July due mainly to larger expenditure earlier, but a government-led infrastructure push has kept spending brisk this year.
Fiscal spending in July rose 5.4 percent from a year earlier while revenue increased 11.1 percent, the Ministry of Finance said in a statement on its website on Friday.
July’s growth rate dropped sharply from 19.1 percent in June, although revenue growth rose from 8.9 percent in that month, the ministry said.
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