China's November Fiscal Revenue Surges 10.6%

According to data from the Ministry of Finance, China's fiscal revenue in November climbed 10.6% y/y to 645.7 billion yuan ($101 billion), versus October's 16.9% growth. China's expenditures surged 7.5% to CNY1.14 trillion. In the first 11 months, the country's fiscal revenue jumped 26.8% y/y to CNY9.73 trillion. However, expenditures gained 24.3% to CNY8.9 trillion.