Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Chinese economy recovers as fiscal revenue grew by 11.9% in January-April
Posted on May 22, 2023 |
From January-April, China's fiscal revenue grew by 11.9% compared to 2022, accelerating sharply from a 0.5% rise in January-March.
Fiscal revenue totaled 8.32 trillion yuan ($1.20 trillion) while fiscal expenditure grew by 6.8% to 8.64 trillion yuan.
In April, fiscal revenue grew by 70% from a year earlier, a sharp increase from the 5.5% increase in March.
In Q2 2023, China's economy is expected to grow by 8% from 2022, speeding from the first quarter's 4.5% rate.