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- China fiscal spending rose in the first 11 months of the year
China fiscal spending rose in the first 11 months of the year
Chinese government spending slowed toward the end of the year, after Beijing front-loaded some of its fiscal firepower earlier in the year to spur growth.
Fiscal spending rose 7.7% in the January-November period from a year earlier, compared with an 8.7% increase in the January-October period, the finance ministry said.
China's fiscal revenue in the first 11 months of the year rose 3.8% on year, the same rate recorded in the January-October period, the ministry said.
Land sales revenue, the main source of income for local governments, rose 8.1% over the first 11 months, compared with a 6.9% increase in the January-October period. Spending on transportation projects was up 6.3% for the January-November period, compared with a 7.9% rise in the first 10 months of the year.
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