Fiscal spending contracts in March
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
China’s fiscal spending contracted in March. According to finance ministry (MoF) data released on April 24, total fiscal spending fell 2.5% y/y in March, reversing the 6.1% growth in the first two months of the year. Some context: Total fiscal spending is the sum of spending under China’s two larges...