Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

China's fiscal revenue +10.9% Y/Y to 9.06T yuan in Jan-Sep vs +29.5% in same period in 2011....

  • Monday, October 29, 2012, 4:22 AM ET
    China's fiscal revenue +10.9% Y/Y to 9.06T yuan in Jan-Sep vs +29.5% in same period in 2011. Spending +21.1%, above the goal of +14.1% for the full year, leaving the government little room to use investment to stimulate the economy in Q4, if it plans to stick to its targets.
Track new comments on this story

This news story has 1 comment:

  •  
    “Most of the infrastructure investment is not financed explicitly by fiscal resources or on the budget but through other means,” said Wang Tao, chief China economist at UBS AG in Hong Kong. Bank lending and bond sales are the main financing channels, she said.

    Looks to me like there's limited scope for direct fiscal stimulus, but plenty of scope to cut reserve requirements at Chinese banks and for new infrastructure stimulus.
    29 Oct 2012, 04:29 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Global Articles
More Latest Articles »