China's fiscal revenue up 3.8% in January-October period

BEIJING - China's fiscal revenue increased 3.8 percent year-on-year to around 16.77 trillion yuan ($2.39 trillion) in the first 10 months of 2019, data showed Tuesday.

The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year-on-year, while local governments saw revenue up 3.3 percent to about 8.7 trillion yuan, according to data given by the Ministry of Finance (MOF).

China's fiscal spending expanded 8.7 percent year-on-year to around 19.06 trillion yuan during the January-October period, the MOF data showed.