New China TV Xinhua News | China’s Q1 fiscal spending hits fastest pace in 5 years, revenue up 2.4 pct

China’s fiscal spending expanded 2.6 percent year on year to 7.47 trillion yuan (about 1.09 trillion U.S. dollars) in the first quarter of 2026, with the budget execution pace hitting a five-year high, official data showed Friday. #XinhuaNews

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