China's financial revenues rise 4.7% in H1 2026

During the first half of 2026, China experienced a 4.7% year-on-year increase in financial revenues, reaching 12.1 trillion yuan (approximately 1.78 trillion US dollars). Tax revenues rose by 5.3% to 9.79 trillion yuan, while fiscal spending increased by 1.5% to 14.33 trillion yuan. China is moving toward a more proactive fiscal policy in 2026, with the deficit expected to be around 4% of GDP, and an increase in total government budget expenditures to 30 trillion yuan for the first time.

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