Fiscal revenue growth slows in August to 4%

China's fiscal revenue rose slower in August amid tax cut measures and weaker economic dynamics, official data showed. Experts expected fiscal revenue to rebound this year after stimulus policies take effect.

The country's total fiscal revenue increased at a slower speed of 4 percent year-on-year to reach 1.11 trillion yuan ($161 billion) in August, dragging the overall fiscal revenue growth in the January-August period down to 9.4 percent, according to a statement published by the Ministry of Finance on Wednesday.

Before August, China had registered double-digit growth in aggregate fiscal revenue from January, data showed.