China's fiscal revenue for the first seven months of 2025 increased marginally by 0.1% year-on-year to over 13.58 trillion yuan (approximately $1.9 trillion), according to the Ministry of Finance. This marks the first positive growth in fiscal revenue this year. Fiscal expenditures rose by 3.4% to nearly 16.1 trillion yuan during the same period. However, tax revenue declined by 0.3%, and government land sales income fell by 4.6% year-on-year. Additionally, the southern technology hub Shenzhen recorded foreign trade totaling 2.58 trillion yuan ($361.7 billion) in the first seven months, with private firms contributing 1.8 trillion yuan of that amount. July saw the fastest pace of fiscal income growth in China this year.