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China's fiscal revenue growth slows in 2014

Shrinking govt tax base is curbing scope for stimulus and onus may fall on central bank

Beijing

CHINA'S fiscal revenue increased the least in a generation last year, curbing the scope to stimulate demand.

Government revenue rose 8.6 per cent in 2014, according to a statement on the Ministry of Finance's website, down from 2013's 10.2 per cent increase and a peak of 32