Economic Buzz: China fiscal spending rises 1.3% to CNY 9.48 trillion

China?s fiscal spending increased 1.3% year-on-year to CNY 9.48 trillion in the first four months of 2026, with budget execution reaching 31.6% of the annual target, the fastest pace for the period in five years. Meanwhile, fiscal revenue rose 3.5% to CNY 8.34 trillion, supported by a 3.9% increase in tax revenue, signaling improving fiscal momentum and stronger policy support for economic stabilization.

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