Chinese Fiscal Spending Slowdown Persists in Risk for Growth (3)

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.

While revenue stagnated, total expenditure under the country’s two major fiscal books climbed just 6% last month from a year earlier, the slowest since May, according to Bloomberg calculations based on data published Wednesday by the Ministry of Finance.

The allocation on infrastructure-related spending in China’s main budget slumped at the fastest clip in a year with a contraction of 10%, as the use of funding raised from ...