Fiscal revenue up in first 4 months

China's fiscal revenue expanded 3.5 percent year-on-year to 8.34 trillion yuan ($1.22 trillion) in the first four months of 2026, data from the Ministry of Finance showed. The pace of growth picked up by 1.1 percentage points compared with the first quarter of the year, pointing to a steady improvement in fiscal revenue performance. In the first four months, the country's tax revenue totaled 6.81 trillion yuan, up 3.9 percent year-on-year, with the growth rate 1.7 percentage points higher than that in the first quarter.

Chinese mainland shares close lower

Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 2.04 percent to 4077.28 points. The Shenzhen Component Index closed 2.07 percent lower at 15247.27 points. The combined turnover of these two indices totaled 3.48 trillion yuan ($509.39 billion), up from 2.95 trillion yuan the previous trading day.

Xinhua - China Daily