China's fiscal revenue up 3.2% in June as economy rebounds

BEIJING  - China’s fiscal revenues rose 3.2% in June from a year earlier, reversing a 10% drop in May and returning to expansion for the first time this year, the finance ministry said on Friday, in line with a recovery in the economy.

Fiscal revenues have been gradually recovering in the second quarter after a deep decline in the first three months, ministry official Liu Jinyun told a briefing.

China's economy returned to growth in the second quarter after a deep slump at the beginning of the year, but weak demand underscored the need for more policy support for the recovery after the shock of the novel coronavirus crisis.

 

Source: https://www.zawya.com/mena/en/economy/story/Chinas_fiscal_revenue_up_32_in_June_as_economy_rebounds-TR20200717nL3N2EO1O0X1/

 

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