China Jan-Sept fiscal revenues fall 2.2% yr/yr
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FILE PHOTO: Cars travel past a display showing Shanghai and Shenzhen stock indexes near the Shanghai Tower and other skyscrapers at the Lujiazui financial district in Shanghai, China February 5, 2024. REUTERS/Xihao Jiang/File Photo
BEIJING (Reuters) - China's fiscal revenue in the first nine months of 2024 fell 2.2% from a year earlier，compared with a 2.6% slide in the January-August period, finance ministry data showed on Friday.
Fiscal expenditure grew 2.0% in the first nine months, versus a 1.5% increase in the first eight months.
China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth.
(Reporting by Ethan Wang, Liangping Gao and Ryan Woo; Editing by Toby Chopra)
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