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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Higher Fiscal Spending in China, Growth Rate Dropped in July

August, 11 2017
watermark Economic news

Expenditure of the Chinese government increased to 5.4 percent in July compared to the previous year. Until July this year, spending ascended by 14.5 percent since 2016 while revenue climbed to 10 percent. On the other hand, the revenue soared by 11.1 percent from  Ministry of Finance on Friday.  The growth rate fell steeply in July from 19.1 percent in June while revenue growth expanded from 8.9 percent in the same month.

The government stimulus program boosted the economic growth in the past few years as the second biggest economy in the world. However, despite deficit financing, runaway credit has increased that resulted to heaps of debt.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.