China said the ratio of 2020 government debt-to-gross domestic product stood at 45.8 per cent, which was lower than the international redline of 60 per cent. Photo: Getty Images
‘Foundations’ of China’s economic rebound yet to be ‘consolidated’ as fiscal revenue fell in 2020
- China’s fiscal revenue fell 3.9 per cent in 2020 from a year earlier, while expenditure rose 2.8 per cent, the finance ministry said on Thursday
- However, growth in fiscal revenue accelerated to 5.5 per cent in the fourth quarter, from 4.7 per cent the previous quarter
Follow your favourite topic and get notified
China said the ratio of 2020 government debt-to-gross domestic product stood at 45.8 per cent, which was lower than the international redline of 60 per cent. Photo: Getty Images
