Net Fiscal Contribution of New Industries in July Drops to Negative 10.3 Billion Yuan - Chronicle

In July, the net fiscal contribution of China's new industries turned negative, dropping to negative 10.3 billion yuan, a significant decrease from the positive growth in the same period last year, reflecting exacerbated fiscal pressure driven by collapsing domestic demand and export tax rebates.

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2026-09-22 21:02 · 7月新产业对财政的净贡献为负103亿元，较去年同期大幅下滑，反映内需崩溃与出口退税带来的严重财政压力。

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This event Net Fiscal Contribution of New Industries in July Drops to Negative 10.3 Billion Yuan 2026.06.30 · Reported

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Sayings · 2026-09-22 20:51 In July, the net fiscal contribution of new industries was negative 10.3 billion yuan, a sharp decline compared to the same period last year, reflecting severe fiscal pressure brought by the collapse of domestic demand and export tax rebates.

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