China's fiscal revenue drops 2.8% in Jan-May

By Reuters

Jun 25, 2024 12:13 am

BEIJING — China's fiscal revenue fell 2.8 percent in the first five months of 2024 from a year earlier, accelerating from a 2.7 percent decline in the January-April period, official data showed on Monday, as weak demand drags on the economic recovery.

Fiscal expenditure rose 3.4 percent in the first five months, versus a 3.5 percent gain in the first four months, according to finance ministry data.

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