News News

China's Fiscal Revenue Declines in Jan.-July

Date: 2020-08-24
Views: 5

China's fiscal revenue in the first seven months of the year came in at 11.47 trillion yuan (1.66 trillion U.S. dollars), down 8.7 percent year on year, official data showed Wednesday.

Tax revenue in the January-July period fell 8.8 percent from a year earlier to reach 9.85 trillion yuan. Revenue from value-added tax, the largest fiscal revenue source in the country, fell 17 percent year on year, according to data released by the Ministry of Finance.

A breakdown showed the central government collected nearly 5.36 trillion yuan in fiscal revenue during the seven-month period, down 11.3 percent year on year, while local governments saw fiscal revenue drop by 6.2 percent to nearly 6.12 trillion yuan.

Wednesday's data also showed the country's fiscal spending fell 3.2 percent from a year earlier to 13.35 trillion yuan during the period. 

Related content
  • Hotspot
  • Newest
  • media
The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on July 30 to make plans for China's economy in the second half of the year.According to statistics rele...
2021 - 08 - 02
Newly released data has shown that the strength of China's economic recovery in the first half has laid a good foundation for full-year performance.It is worth noticing that the COVID-19 pandemic ...
2021 - 07 - 26
China's value-added industrial output, an important economic indicator, went up 15.9 percent year on year in the first half of this year, data from the National Bureau of Statistics (NBS) showed T...
2021 - 07 - 21
In the past few decades, China has quickly caught up with its international counterparts in retail properties, and the sector is further evolving and diversifying in accordance with the needs of Chine...
2021 - 07 - 12
China's GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts i...
2021 - 07 - 09
0086-10-59574230
(24 hours national service hotline)
Copyright ©2010 - 2018 BeijingKewei Jianye Steel CO., Ltd.
Rhinoceros cloud provides enterprise cloud services
犀牛云提供云计算服务
Follow Us:
X

Whatsapp(Tony)

+8618678022600

电话(Leo)

+8613370170607

1

QQ设置

  • Anita
3

SKYPE 设置

4

阿里旺旺设置

6

Leo

手机关注微信

展开