Trivium Neopol - Econ and Finance | Trivium China 20 Aug 2021

Expect austerity in H2

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All signs point to more austerity in H2.

On Wednesday, the Standing Committee of the National People’s Congress reviewed a budget execution report from the Ministry of Finance (MoF).

Revenue growth outpaced expenditure:

From January to July, government revenue totaled RMB 13.77 trillion, u...


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