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China's fiscal revenue down 2.3% in first two months of 2024

Xinhua | Updated: 2024-03-21 13:11
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Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies]

BEIJING - China's fiscal revenue fell 2.3 percent year-on-year in the January-February period, but rose 2.5 percent after adjusting on comparable basis, Deputy Finance Minister Liao Min said Thursday.

The country's fiscal expenditure expanded 6.7 percent during the period, accounting for 15.3 percent of the country's annual budget, Liao told a press conference.

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