China Sept government spending up 11.3% y-o-y
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] Government spending in China rose 11.3 per cent in September from a year earlier, while revenue rose 5.9 per cent, the Ministry of Finance said on Wednesday.
Growth in spending was up slightly from 10.3 per cent in August, while revenue growth also picked up from 1.7 per cent in August.
Government spending in the first nine months of the year was up 12.5 per cent from a year earlier, while revenues rose 5.9 per cent.
China has relied on government spending to stabilise growth this year as private companies pull back, but concerns about the country's debt load are increasing.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
