Reported 1 day ago
China's fiscal revenue fell by 1.1% year-on-year to 6.0 trillion yuan ($821.54 billion) in the first quarter of 2025, showing a slowdown in decline compared to previous months. Tax revenue decreased by 3.5%, but non-tax revenue increased by 8.8%. Despite efforts to boost the economy amid challenges from U.S. tariffs and rising debt, the country's recovery remains inconsistent, with ongoing issues including deflation and weak domestic demand.
Source: YAHOO