China's fiscal revenue falls 0.6% in January-November
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FILE PHOTO: People cross a bridge at Pudong financial district in Shanghai August 11, 2014. REUTERS/Carlos Barria/File Photo
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)
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