BEIJING (Reuters) – China’s fiscal revenue in the first 11 months of 2024 fell 0.6% from a year earlier, narrowing from a 1.3% slide in the January-October period, the finance ministry data showed on Monday.
Fiscal expenditure grew 2.8% in the first 11 months, compared with a 2.7% increase in the first 10 months.
Recovery in China’s economy remained patchy in November, as bank lending growth fell far short of expectations and consumer inflation hit a five-month low, keeping alive calls for more stimulus to shore up the subdued domestic demand.
(Reporting by Ethan Wang, Ellen Zhang and Ryan Woo; editing by Timothy Heritage)
