China's January-February fiscal revenue up 0.7pc year on year

China's fiscal revenue grew 0.7 percent in the first two months of 2026 from a year earlier, finance ministry data showed on Thursday, reversing a 1.7 percent drop in the whole of 2025.

Fiscal expenditure rose 3.6 percent on the year in the January-February period, picking up from a 1 percent expansion in 2025 as China plans to step up spending to support growth this year.

Beijing pledged to continue a more proactive fiscal policy, setting its 2026 deficit-to-GDP ratio at around 4 percent, unchanged from 2025, with the total government deficit at 5.89 trillion yuan (HK$6.71 trillion), up 230 billion yuan over the last year.

Reuters