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China Steps Up Austerity by Cutting Spending Most Since October

Bloomberg Technology Wednesday 22 July 2026, 07:39 UTC By Bloomberg News 1 min read
Key Points

China Steps Up Austerity by Cutting Spending Most Since October China’s government spending plunged last month by the most since October, suggesting the government tightened fiscal policy further despite increasing calls for more support as economic growth slips. A broad measure of government expenditure tumbled 11.9% in June from a year earlier, according to Bloomberg calculations based on Ministry of Finance data released Wednesday. By contrast, broad fiscal revenue gained 1.8%.

China Steps Up Austerity by Cutting Spending Most Since October China’s government spending plunged last month by the most since October, suggesting the government tightened fiscal policy further despite increasing calls for more support as economic growth slips. A broad measure of government expenditure tumbled 11.9% in June from a year earlier, according to Bloomberg calculations based on Ministry of Finance data released Wednesday. By contrast, broad fiscal revenue gained 1.8%.
China (LOCATION) Bloomberg (ORG) Ministry of Finance (ORG)
Originally published by Bloomberg Technology Read original →

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