China’s Fiscal Revenue Posts First Growth Since March

What’s new: China’s fiscal revenue in August recorded the first year-on-year growth since March, fueled by policies aimed at stabilizing economic growth and as the impact from a tax refund scheme tailed off, according to the Ministry of Finance.

The general public budget revenue in August totaled 1.3 trillion yuan ($186 billion), growing 5.6% year-on-year, according to data published by the finance ministry on Friday.