China Authorities Take In 11.2% Less Fiscal Income

Governments in China brought in 11.2% less fiscal revenue in November than the same month a year earlier, the third straight month of decline, according to Caixin calculations from finance ministry data.

China’s central and local governments suffered aggregate year-on-year fiscal revenue declines of 0.1% in October and 2.1% in September, largely due to the tax relief that the government provided to companies that run coal-fired power plants.

Read the full report: Caixin

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.