ALSO READChina March fiscal spending surges over 25 percent on-year, revenue growth slows China's July fiscal spending pace slows, but revenues rise China's fiscal expenditures surge 21 percent in Jan-March China July factory growth cools but construction boom fortifies economy Steel, stimulus drive China's strongest economic growth since 2015
BEIJING (Reuters) - Government spending in China rose at its slowest monthly pace in 10 months, though for the whole of 2017 spending is still up slightly from last year in a boon to broad economic activity.
For the first eight months of the year, spending increased 13.1 percent to 13.16 trillion yuan ($2.03 trillion), with the pace of growth still up slightly from last year's 12.7 percent growth over the same period.
Government revenue increased 7.2 percent in August, slower from July's 11.1 percent pace, while Jan-Aug revenue rose 9.8 percent to 12.14 trillion yuan. Revenue growth over in the same period last year was 6.0 percent.
China's economy has defied expectations for a slowdown this year, as a government-led infrastructure drive sparked a boom in construction and underpinned demand and prices for everything from steel to cement to other building products.
($1 = 6.4980 Chinese yuan renminbi)
(Reporting by Elias Glenn; Editing by Shri Navaratnam)
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