China's July fiscal spending tempo slows, but profits add

China's July fiscal spending tempo slows, but profits add

In July, China's fiscal spending tacked on at a slower pace mostly because of larger expenditure earlier, although a government-led infrastructure push has maintained spending brisk in 2017.

In July, fiscal spending inched up 5.4% from 2016, while revenue leapt 11.1%, as the Ministry of Finance informed on Friday.

July's surge rate sank abruptly from June’s outcome of 19.1%, although revenue surge jumped from 8.9% in that month, as the ministry told.

The authorities associated the dip in July spending mostly with considerable expenditure earlier.

For the first seven months of 2017 government spending jumped 14.5% on year, while profits headed north 10%.

Government-led stimulus has appeared to be a key driver of economic surge for the last years in the world's number two economy. However, the pump-priming has been unrolling in tandem with runaway credit surge and generated a mountain of debt.


American retail sales surge

In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera