China's January-October fiscal revenue up 0.8pc y/y

China's fiscal revenue grew 0.8 percent in the first 10 months of 2025 from a year earlier after a 0.5 percent gain in the January-September period, finance ministry data showed on Monday.

Fiscal expenditure rose 2 percent on the year in the January-October period, slower than a 3.1 percent expansion in the first nine months.

Chinese top leaders have proposed to leverage a proactive fiscal policy for the next five year for the country's 15th Five-Year Plan to improve fiscal sustainability and optimise spending structure.

The finance ministry also recently set up a new debt-management department with the aim of reining in local debt risk.

REUTERS