Fiscal revenue up in first two months

China’s fiscal revenue rose 15.8 percent year-on-year to 3.66 trillion yuan ($578.1 billion) in the first two months of 2018, official data showed on Wednesday. The growth was much faster than the 7.5 percent rise registered in 2017, according to the Ministry of Finance website. The central government collected more than 1.82 trillion yuan in fiscal revenue, up 19.1 percent yearon-year, while local governments saw fiscal revenue expand 12.7 percent to 1.83 trillion yuan. During the JanuaryFebruary period, fiscal spending rose 16.7 percent year-on-year to 2.9 trillion yuan. Expenditure on transportation surged 55.7 percent to 147.5 billion yuan, the data showed.