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Fiscal Spending Slows in China in July

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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.

Reuters [1]

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Craig Erlam

Craig Erlam [8]

Senior Market Analyst - UK & EMEA at OANDA [9]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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