China July fiscal revenues up 12.5 percent year on year, spending up 24.1 percent

China's fiscal revenue rose 12.5 percent in July from a year earlier, while fiscal expenditure jumped 24.1 percent on the year, data from the Finance Ministry showed on Wednesday.

A worker climbs over a solar panel at a solar factory in Longyou county, Zhejiang province, June 24, 2014.

For the first seven months, fiscal revenue rose 7.5 percent from a year earlier and fiscal expenditure rose 13.4 percent, the data showed.