China September government spending up 11.3 percent year-on-year, aiding growth pace

China September government spending up 11.3 percent year-on-year, aiding growth pace
 

Government spending in China rose 11.3 percent in September from a year earlier while revenue rose 4.9 percent, the Ministry of Finance said on Wednesday.
In August, spending was 10.3 percent above a year earlier, and revenue increased 1.7 percent.
Data released on Wednesday for last month and the first three quarters signal how China has relied on government spending to stabilise growth this year, which is pushing up the country's fiscal deficit.
The deficit over the first nine months was 1.46 trillion yuan (£176.14 billion), up from 625.1 billion yuan in the year-earlier period, according... read more

 
19 October 2016 in Business, Views: 35
Source: Reuters
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