China’s fiscal first quarter revenue fell 14.3 percent from a year earlier to RMB 4.598 trillion ($649.75 billion), the country’s finance ministry said on Monday, attributing the decline to the coronavirus outbreak and tax relief offered, reported Reuters.
Fiscal expenditures for the January-March period fell 5.7% from a year earlier to RMB 5.528 trillion, the ministry said.
You must log in to post a comment.