China’s fiscal revenues grew 20% in the first seven months of 2021 from a year earlier, state media quoted vice finance minister Xu Hongcai as saying on Wednesday.
China’s fiscal expenditures rose 3.3% in January-July from a earlier, state media said.
China’s pro-active fiscal policy will become more efficient and local governments will continue to curb debt risks, according to state media quoted Xu as saying.
Source: Reuters (Reporting by Kevin Yao and Beijing newsroom; Editing by Alex Richardson)