Sound fiscal revenue

China's fiscal revenue growth continued to rebound in July, a trend that will hopefully be maintained as the economic recovery becomes more entrenched.

The country's year-on-year fiscal revenue growth wobbled around 6 percent in the first five months of the year due to the economic slowdown. But in June, it rebound by 12.1 percent year-on-year, a trend that continued in July with a rise of 11 percent year-on-year.

The July figure shows that as the economy warms up, the pick-up could be sustained.