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China finance ministry says Jan-June fiscal revenues fell 10.8% year-on-year

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China's fiscal revenues fell 10.8% in the first half of the year, the country's finance ministry said on Friday, compared with a 13.6% decline for the first five months of 2020.

FILE PHOTO: The sign of China's Ministry of Finance is pictured in Beijing, China August 23, 2018. REUTERS/Jason Lee

BEIJING - China’s fiscal revenues fell 10.8% in the first half of the year, the country’s finance ministry said on Friday, compared with a 13.6% decline for the first five months of 2020. Fiscal expenditures for the January-June period declined 5.8% from a year earlier, the ministry said.

 

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