MNI BRIEF: China Public Revenue Falls 0.3% Jan-July
Aug-19 09:54By: Lewis Porylo
Peoples Bank of China+ 1
China’s national tax revenue decreased 0.3% y/y from January to July, an improvement from the 1.2% decline in the first half, National Tax Administration data showed on Tuesday.
National general public budget revenue, which includes both tax and non-tax items, increased 0.1% y/y in the period, up from the 0.3% fall during the first six months, the data showed.
Advisors told MNI further measures to boost the property market in H2 could include a reserve requirement ratio cut and tax and fee reductions on transactions. (See MNI: China's Major Cities To Ease Home Sale Rules)
