BEIJING (Jan 30): China's fiscal revenue fell 1.7% in 2025 from a year earlier, the finance ministry said on Friday, the first contraction since 2020 as a protracted property slump and weak domestic demand saddled the economy. Fiscal revenues in 2025 totalled 21.6 trillion yuan (US$3.11 trillion or RM12.2 trillion), a ministry official said at a press briefing. Expenditures grew 1% to 28.7 trillion yuan, slowing from 3.6% growth in 2024. Growth in China's fiscal revenue slowed to 1.3% in 2024. These revenues have in the past been a key driver for local economic growth measures and the sharp drop has strained local authorities' coffers and weighed on overall business activity.

Source: The Edge Markets January 30, 2026 08:14 UTC