Fiscal incomes feel slowdown pinch

China's fiscal revenues fell by 3.1 percent year-on-year in November due to the slowing economy, the Ministry of Finance said yesterday, continuing the downward trend that has been apparent since September.

Total fiscal revenues in the January-November period amounted to 5.8 trillion yuan, up by 20.5 percent year-on-year.

The country's fiscal revenues reached 379.2 billion yuan in November, the ministry said in a statement. Tax cuts and the domestic economic slowdown are the main factors behind the fall, it said.