China’s fiscal revenue drops 2.8% in January-May

China’s fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed on Monday, as weak demand drags on the economic recovery. Fiscal expenditure rose 3.4% in the first five months, versus a 3.5% gain in the first four […]