Recovering producer prices boost tax receipts while weak land sales continue to pressure local finances
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Year-on-year change in general public budget revenue China’s Fiscal Revenue Stays Firm Note: January and February data are combined.Sources: Ministry of Finance, CEIC -30 -20 -10 0 10 20 30% April July 6.7% China’s fiscal revenue growth remained solid in April as recovering factory-gate prices and steady industrial activity boosted tax receipts, though weaker government spending pointed to persistent pressure on domestic demand.
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