Chinese Fiscal Spending Slowdown Persists in Risk for Growth (1)

China’s government spending increased at a slower rate for the second straight month, underscoring how weaker fiscal support now presents a risk to an economy whose momentum is cooling across the board.

Total expenditure under the country’s two major fiscal books climbed just 6% last month from a year earlier — the slowest since May — to 2.7 trillion yuan ($380 billion), according to Bloomberg calculations based on data published Wednesday by the Ministry of Finance.

Combined government revenue under the general public budget and the government-managed fund account rose less than 0.3% in the month to 1.6 trillion yuan. ...