China fiscal revenue turns higher in March on recovering economic activity

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BEIJING : China's fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue growth would slow in the second half of the year.Fiscal revenue rose 0.5 per cent in the first three

BEIJING : China's fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue growth would slow in the second half of the year.

In March, fiscal revenue grew 5.5 per cent after declining 1.2 per cent in January-February, according to Reuters calculations based on the ministry's data.

 

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