July 17, 2020 / 2:33 AM / 19 days ago

China finance ministry says Jan-June fiscal revenues fell 10.8% year-on-year

FILE PHOTO: The sign of China's Ministry of Finance is pictured in Beijing, China August 23, 2018. To match Exclusive USA-TRADE/CHINA-FINMIN REUTERS/Jason Lee

BEIJING (Reuters) - China’s fiscal revenues fell 10.8% in the first half of the year, the country’s finance ministry said on Friday, compared with a 13.6% decline for the first five months of 2020.

Fiscal expenditures for the January-June period declined 5.8% from a year earlier, the ministry said.

Reporting by Kevin Yao; Writing by Se Young Lee; Editing by Tom Hogue

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