November fiscal data doesn’t inspire confidence
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Local government financial stresses persisted in November, despite modest tax revenue growth.
According to finance ministry (MoF) data, released Monday, general public budget revenue – the biggest chunk of government income – increased by 11.0% y/y, marking the third consecutive month of growth.
Tax...