China fiscal revenues reach $2.12 trillion in first seven months of 2026

China's fiscal revenues grew to approximately 14.37 trillion yuan ($2.12 trillion) during the first seven months of 2026, marking a 5.8% year-on-year increase. This acceleration from the 4.7% growth seen in the first half of the year indicates a steady recovery in public finances. Tax revenues rose by 6.7%, while non-tax revenues increased by 1.6%. Notably, stamp duty revenue from stock trading surged by 99.2% due to high market activity.

On the expenditure side, general budget spending rose by 1.3% to roughly 16.29 trillion yuan. Significant increases were noted in spending for social security and employment (up 7%) and healthcare (up 9.8%), reflecting a focus on citizen welfare. Spending on science and technology also grew by 1.5%.

In broader economic activity, China's imports increased by 22% year-on-year during the same seven-month period. Additionally, China State Railway Group reported handling 2.35 billion tons of goods, a 0.7% increase, supporting logistics and economic stability.