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China's fiscal revenue rose slower in August amid tax cut measures and weaker economic dynamics, official data showed. Experts expected fiscal revenue to rebound this year after stimulus policies take effect.
China's economy grew at a faster than expected rate of 6.9 percent in the first half.
China's nighttime consumption volume in the first quarter dropped by over 40 percent year-on-year due to the outbreak of COVID-19, according to China UMS data. The volume began to rebound in the second quarter after infections waned following national efforts to battle the epidemic.
China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures including the debt-for-bond swap to reduce the local debt burden.
China's foreign exchange reserves climbed to .0091 trillion at the end of March, according to statistics from the People's Bank of China. This was the first time the reserves expanded for two consecutive months since April 2016.
来源：资阳报