To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters
To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters

China government spending flat in August as tax cuts drain revenue, delay projects

  • Total government spending fell 0.2 per cent in August compared to a year earlier, the first month this year that spending did not increase
  • Tax revenues fell 4.4 per cent to 9 billion yuan (US$1.2 billion) over the same period

Topic |   China economy
To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters
To boost infrastructure spending, Beijing has eased some restrictions on how special purpose bonds are issued. Photo: Reuters
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