Image used for representational purpose only.

Image used for representational purpose only.
| Photo Credit: Getty Images/iStockphoto

China’s ‍fiscal revenue fel l1.7% ​in 2025 from ‌a ​year earlier, the Finance Ministry said on Friday (January 30, 2026), the first contraction since ​2020, as a ⁠protracted property slump and weak domestic demand ​dragged ⁠the economy.

Tax revenue rose 0.8% in 2025, ‌while income ‌from non-tax sources slumped 11.3%%, ‍the ministry said. Fiscal expenditure rose ‍1% on year.

Revenue from land sales by China’s local governments dropped 14.7% in ⁠2025 compared with the previous ​year amid the ⁠deep property downturn.


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