Business · Economy · 16 hrs ago
China's fiscal revenue rises 5.1% in first nine months of 2026
China's fiscal revenue rose 5.1% in the first nine months of 2026 compared with the same period a year earlier.
The Finance Ministry said revenue totalled 17.2 trillion yuan from January to September, while government spending increased by 1%.
Tax revenue grew 6.1%, but income from land sales fell 27.9%.
The property-sector crisis is cutting land income, a long-standing source of funding for local governments.
China issued 3.56 trillion yuan in special local-government bonds during the period, equal to 81% of its annual quota.
Officials plan to issue some 2027 bonds early, after speeding up bond sales this year.
These figures show rising overall revenue alongside continued pressure on local-government finances from the property downturn.
China’s fiscal revenue rose 5.1% in the first nine months of 2026 compared with the same period a year earlier.
Total revenue reached 17.2 trillion yuan, according to data announced by China’s Ministry of Finance.
Tax revenue increased 6.1%, while non-tax revenue rose 1.2%.
Fiscal spending increased 1%, slowing from 1.2% growth in the first eight months.
Revenue from government land sales fell 27.9% year on year, reflecting continuing pressure on the property sector.
- Who
- China’s Ministry of Finance reported the figures.
- What
- China’s fiscal revenue rose 5.1% year on year to 17.2 trillion yuan in the first nine months of 2026.
- When
- January to September 2026.
- Where
- China.
- Why
- Not stated
This story does not have two clearly opposing sides.
Fiscal revenue rose 5.7% year on year during the first eight months.
Fiscal revenue rose 5.1% year on year, reaching 17.2 trillion yuan.
Net special-bond issuance reached 633.5 billion yuan, up 214.8 billion yuan from September a year earlier.
- Fiscal revenue growth
- 5.1% year on year
- Total fiscal revenue
- 17.2 trillion yuan
- Tax revenue growth
- 6.1% year on year
- Non-tax revenue growth
- 1.2% year on year
- Fiscal spending growth
- 1% year on year
- Land-sale revenue
- Down 27.9% year on year