China Fiscal Revenues Drop 0.3% in H1

2025-07-28 01:06 By Chusnul Chotimah 1 min. read

China's fiscal revenue fell by 0.3% in the first half of 2025 from a year earlier to CNY 11.56 trillion, the Finance Ministry said on Friday.

The latest figure remained unchanged from the decline recorded in the January–May period.

Tax revenue dropped 1.2% in H1 from a year earlier, while non-tax revenue grew 3.7%.

Meanwhile, fiscal expenditure rose 3.4% year-on-year to CNY 14.13 trillion in the January–June period, easing from a 4.2% increase in the first five months, ministry official Tang Longsheng told a press conference.



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China Fiscal Revenues Drop 0.3% in H1
China's fiscal revenue fell by 0.3% in the first half of 2025 from a year earlier to CNY 11.56 trillion, the Finance Ministry said on Friday. The latest figure remained unchanged from the decline recorded in the January–May period. Tax revenue dropped 1.2% in H1 from a year earlier, while non-tax revenue grew 3.7%. Meanwhile, fiscal expenditure rose 3.4% year-on-year to CNY 14.13 trillion in the January–June period, easing from a 4.2% increase in the first five months, ministry official Tang Longsheng told a press conference.
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