MNI BRIEF: China Fiscal Revenue Improves In October

China’s national general public budget revenue reached CNY18.6 trillion during the first ten months of this year, up 0.8 percent year on year, an improvement from 0.5% rise during the first three quarters, the Ministry of Finance announced on Monday. 

National tax revenue hit CNY15.3 billion, up 1.7% y/y, an acceleration from the 0.7% from January to September, the data showed. 

China's foreign exchange administration is trying to persuade more companies to hedge exchange-rate risk, economists, exporters and officials recently told MNI. (See MNI: China Promotes FX Hedging As Yuan Swings)