China's fiscal growth may slow down

Impact of tax reductions might be felt from next month, says official

The Chinese government's fiscal revenue may grow at a slower pace from the second quarter, under pressure from intensive tax cuts, weaker industrial price inflation and external uncertainties, said an official from the Ministry of Finance on Wednesday.

A more ambitious tax and administrative fee reduction plan - more than 1 trillion yuan ($159 billion) in total this year, could moderate fiscal revenue growth in the coming months, and the "effects of tax cuts will emerge from May", Lou Hong, director-general of the Finance Ministry's National Treasury Department, said on Wednesday.