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.


Uniper will cut 2,000 jobs to reduce costs

German energy group Uniper is on the verge of cutting approximately 2,000 jobs or in other words 14% of the company’s workforce, by the end of 2018 as part of a cost-cutting program launched in 2016…


promotions you can be interested in

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