0826 GMT - China is likely to speed up fiscal spending in the near term, according to Goldman Sachs in a research note. The pace of fiscal spending slowed significantly in March and April after January-February activity data beat expectations, GS says. Combining the general public budget and government-managed fund budget, total government expenditure dropped from a growth of 6.1% on year in January-February to a decline of 7.3% on year in April, they say. The pace of government bond issuance and fiscal spending is likely to accelerate in the coming months as April and May activity data have disappointed, GS says. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

June 22, 2026 04:26 ET (08:26 GMT)

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