BUSINESS China's fiscal revenue down 14.3 pct in Q1

BUSINESS

China's fiscal revenue down 14.3 pct in Q1

Xinhua

17:12, April 20, 2020

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File photo: VCG

BEIJING, April 20 (Xinhua) -- China's fiscal revenue went down 14.3 percent year on year to 4.6 trillion yuan (about 650.4 billion U.S. dollars) in the first quarter, official data showed Monday.

From January to March, the fiscal spending totaled 5.53 trillion yuan, down 5.7 percent year on year, the Ministry of Finance said.

Health expenditure rose 4.8 percent to 497.6 billion yuan in the first quarter.

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