China’s July Government Spending Falls 4.4% as June’s 11.9% Slump Eases
Updated
Updated · Bloomberg · Aug 21
China’s July Government Spending Falls 4.4% as June’s 11.9% Slump Eases
1 articles · Updated · Bloomberg · Aug 21
Summary
China’s broad government expenditure fell 4.4% from a year earlier in July, a much smaller contraction than the 11.9% drop recorded in June.
Bloomberg’s calculation from Finance Ministry data suggests policymakers may be pulling back from the austerity that had sharply restrained fiscal support.
That moderation matters because spending cuts had been a significant drag on the economy, making July’s slower decline an early sign of a possible policy shift.