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China fiscal revenue and spending growth slow in August

Reuters  |  BEIJING 

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. China has pledged a pro-active fiscal policy to support the economy, and analysts have credited Beijing's pump-priming as one of the key factors underpinning solid growth this year. In August, spending rose 2.9 percent year-on-year, the Ministry of Finance said on Monday, the smallest rise since October last year, mainly because some spending was front-loaded early in the year. For the ...

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First Published: Mon, September 11 2017. 10:14 IST
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