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China Daily | Updated: 2015-11-13 08:21
Governments and policies
Fiscal spending up in Oct to support growth
China's spending surged four times the pace of revenue growth in October, by 36.1 percent from a year earlier to 1.35 trillion yuan ($210 billion), highlighting policymakers' determination to meet this year's growth target as a manufacturing and property investment slowdown weighs on the economy. Fiscal revenue rose 8.7 percent to 1.44 trillion yuan. In the first ten months of the year, spending grew 18.1 percent and revenue increased 7.7 percent.
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