-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: China Sees Strong Jan-Feb Fiscal Spending, Revenue Growth
BEIJING (MNI) - China's fiscal spending and revenue recorded double-digit
growth in the January to February period, the Ministry of Finance said
Wednesday.
The MOF said fiscal spending increased 16.7% year-on-year to CNY2.91
trillion in the first two months of the year, compared with an increase of 17.4%
same period last year.
Local government spending remained at a high growth speed, while the growth
of central government spending was relatively slow. Central government spending
increased 3.9% year-on-year in Jan-Feb to CNY353.4 billion, compared with a
growth of 8.1% last year. Local government spending rose 18.8% to CNY2.55
trillion, compared with an increase of 19.1% in the same period last year.
Fiscal revenues, meanwhile, increased 15.8% year-on-year to CNY3.66
trillion during Jan-Feb period, compared with an increase of 14.9% in the
corresponding period of 2017.
Central government revenues rose 19.1% to CNY1.82 trillion, the rate seen
in the same period last year, the MOF said, while local government revenues
increased 12.7% to CNY1.83 trillion, compared with a gain of 11.1%.
Tax revenues rose 18.4% to CNY3.3 trillion, compared with a growth of 16.6%
in same period last year, while non-tax revenues dropped 3.5% to CNY360.1
billion, the MOF noted.
Value-added tax increased 22.3% to CNY1.3 trillion, compared with 7.2%
growth same period last year.
Consumption tax revenues rose 29.5% to CNY293.6 billion, compared with the
0.3% decline during Jan-Feb last year.
The fluctuations in fiscal revenue and expenditure are quite high during
Jan-Feb period because of the impacts of traditional New Year Holidays, so more
information will be needed to analyze the trends in the data, the MoF said in
the statement on its website.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.