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Higher Fiscal Spending in China, Growth Rate Dropped in July

August, 11 2017
watermark Economic news

Expenditure of the Chinese government increased to 5.4 percent in July compared to the previous year. Until July this year, spending ascended by 14.5 percent since 2016 while revenue climbed to 10 percent. On the other hand, the revenue soared by 11.1 percent from  Ministry of Finance on Friday.  The growth rate fell steeply in July from 19.1 percent in June while revenue growth expanded from 8.9 percent in the same month.

The government stimulus program boosted the economic growth in the past few years as the second biggest economy in the world. However, despite deficit financing, runaway credit has increased that resulted to heaps of debt.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.