China's general budget expenditure up 2% in H1
5 months ago

China's general budget expenditure up 2% in H1

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. China's general public budget expenditure saw a year-on-year increase of 2 percent in the first six months of 2024, data from the Ministry of Finance showed on Monday. According to the ministry, the country's general public budget expenditure amounted to nearly 13.66 trillion yuan during the period. Meanwhile, the country's general public budget revenue fell slightly by 2.8 percent year-on-year to 11.59 trillion yuan in the first half, said the ministry. In addition, the budget revenue and expenditure of government-managed funds dropped by 15.3 percent and 17.6 percent, respectively, in the first six months from a year earlier, said the ministry.

Expenditure  h1  public  general  yuan  expenditure  yearonyear  revenue  trillion  months  ministry  chinas  budget

History of this topic

China's general public budget revenue sees accelerated growth in November
1 week ago

China's general public budget revenue sees accelerated growth in November

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-12-17 19:53 China's general public budget revenue, which is the sum-up of tax revenue and nontax revenue, in November reached about 1.4 trillion yuan, representing an 11 percent year-on-year increase, according to a calculation by Huatai Securities based on the data from the Ministry of Finance. The country's tax revenue grew by 5.3 …

China's fiscal revenue up 5.5% in October
1 month ago

China's fiscal revenue up 5.5% in October

China Daily  

BEIJING -- China's fiscal revenue increased 5.5 percent year on year in October, data from the Ministry of Finance showed Monday. In the first ten months of the year, China's fiscal revenue dipped 1.3 percent year on year. In the first ten months, the central government collected about 8.25 trillion yuan in fiscal revenue, down 3.9 percent year on year, …

China's fiscal revenue up 5.5% in October
1 month ago

China's fiscal revenue up 5.5% in October

China Daily  

Xinhua | Updated: 2024-11-18 22:13 File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue increased 5.5 percent year on year in October, data from the Ministry of Finance showed Monday. In the first ten months of the year, China's fiscal revenue dipped 1.3 percent year on …

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
1 month, 2 weeks ago

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China has approved a 10 trillion yuan plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially …

Growth target within reach on policy effort
2 months ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

China's general public budget expenditure rises
3 months, 3 weeks ago

China's general public budget expenditure rises

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's general public budget expenditure expanded 2.5 percent year-on-year in the first seven months of 2024 and is poised to maintain a steady growth trend over the coming months, the Ministry of Finance said on Monday. According to the ministry, the country's general public budget expenditure amounted to …

China's fiscal revenue down 2.6% in Jan-July
3 months, 4 weeks ago

China's fiscal revenue down 2.6% in Jan-July

China Daily  

File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue dipped 2.6 percent year-on-year in the first seven months of this year, official data showed Monday. A breakdown of the data showed the country's tax revenue decreased 5.4 percent from one year earlier, while its non-tax revenue …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

China to step up fiscal policy implementation to spur economic recovery: official
4 months, 3 weeks ago

China to step up fiscal policy implementation to spur economic recovery: official

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The country will issue the ultra-long special treasury bonds in a timely manner and make good use of the funds raised from the bond sales, Lin Zechang, of the Ministry of Finance, told a press conference. Lin said that the country will also speed up the issuance …

China spending more on education, ministry says
5 months ago

China spending more on education, ministry says

China Daily  

China's education expenditures saw a 5.3 percent year-on-year increase in 2023, reaching a total of 6.5 trillion yuan, according to data released by the Ministry of Education on Monday. The national expenditure on senior high school education reached roughly 1 trillion yuan last year, a 6.2 percent jump from 2022. In addition, the data shows the nation saw its largest …

China reports generally stable growth in final accounts for 2023
5 months, 4 weeks ago

China reports generally stable growth in final accounts for 2023

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING -- China's final central government accounts for 2023 were generally stable, with notable progress achieved in the areas of financial reform and development, according to a report delivered to the country's top legislature on Tuesday. The central government's general public budget revenue totaled 9.96 …

China's financing activities remain steady
6 months, 1 week ago

China's financing activities remain steady

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. China's financing activity remained lukewarm as the increment in aggregate social financing — the total amount of financing to the real economy — stood at 14.8 trillion yuan in the first five months of 2024, down by 2.52 trillion yuan compared …

China shows signs of slowdown to aggregate social financing
8 months, 1 week ago

China shows signs of slowdown to aggregate social financing

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's financing activity showed signs of slowing down as the increment in aggregate social financing — the total amount of financing to the real economy — reached 12.93 trillion yuan in the first quarter of 2024, down by 1.61 trillion yuan compared with the same …

Central government departments disclose annual budgets
8 months, 3 weeks ago

Central government departments disclose annual budgets

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. The central government departments in China have recently disclosed their annual budgets to the public. The annual income and expenditure arrangements for more than 100 government units were unveiled, showing that their focus remains on allocating financial resources to support critical national …

China's financial institutions report 9.9% growth in assets
9 months ago

China's financial institutions report 9.9% growth in assets

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. BEIJING - Assets of financial institutions in China rose to 461.09 trillion yuan as of the end of 2023, up 9.9 percent year-on-year, according to the central bank. Of the total, assets of the banking sector reached 417.29 trillion yuan, up 10 percent; assets …

China's new budget book reveals fiscal priorities for 2024
9 months, 1 week ago

China's new budget book reveals fiscal priorities for 2024

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Greater fiscal input The ultra-long special treasury bonds to be issued over each of the next several years, along with other arrangements including budget deficits, special-purpose bonds, preferential tax and fee policies as well as government subsidies, mark the country's strengthened fiscal …

Country's development potential continues to be released
9 months, 1 week ago

Country's development potential continues to be released

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. In the first two months of this year, the total value of China's exports was $528.01 billion, up 7.1 percent year-on-year, and the total value of its imports was $402.85 billion, an increase of 3.5 percent compared with the same period last year. China's exports to the …

Fiscal moves to bolster recovery
9 months, 2 weeks ago

Fiscal moves to bolster recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. At a news conference on Wednesday on the sidelines of the ongoing annual session of the national legislature, Lan Fo'an, minister of finance, said work will be done to expand fiscal expenditure appropriately to ensure sufficient funding for major national strategic tasks, markedly increase …

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
9 months, 2 weeks ago

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue

Associated Press  

BEIJING — China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan, roughly mirroring last year’s rise. In the latest dangerous incident, Chinese coast guard ships blocked Philippine vessels off a disputed South China Sea shoal on Tuesday, causing a minor collision, the Philippine coast …

Increase in fiscal revenue result of and boost to solid recovery
10 months, 2 weeks ago

Increase in fiscal revenue result of and boost to solid recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. In 2023, the national fiscal revenue exceeded 21 trillion yuan, an increase of 6.4 percent from the previous year. In 2023, the Chinese government's tax revenue was 18,113 billion yuan, an increase of 8.7 percent year-on-year, among which the value-added tax was 6,933.2 billion …

China's financing activity expands steadily
11 months, 1 week ago

China's financing activity expands steadily

China Daily  

China's financing activity expanded steadily in 2023 as official data showed the country's outstanding aggregate social financing — the total amount of financing to the real economy — came in at 378.09 trillion yuan as of the end of 2023, up 9.5 percent year-on-year. The increment in aggregate social financing reached 35.59 trillion yuan last year, up by 3.41 trillion …

China's financial institutions see rising assets
1 year ago

China's financial institutions see rising assets

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. BEIJING - Assets of financial institutions in China rose to 452.82 trillion yuan at the end of the third quarter, up 9.5 percent year-on-year, according to the central bank. Assets of the banking sector totaled 409.77 trillion yuan at the end of September, up 9.6 percent from …

China's economy in ‘deep distress’, its model of growth is ‘broken’: Report
1 year, 4 months ago

China's economy in ‘deep distress’, its model of growth is ‘broken’: Report

Hindustan Times  

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands “broken”, a prominent American financial publication has said, noting that signs of trouble extend beyond China's dismal economic data to distant provinces. China's gross domestic product grew 5.5 per cent year-on-year in the first half of 2023, the country's National …

Chinese economy in distress, its model is ‘broken’: report
1 year, 4 months ago

Chinese economy in distress, its model is ‘broken’: report

The Hindu  

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands “broken”, a prominent American financial publication has said, noting that signs of trouble extend beyond China's dismal economic data to distant provinces. TheWall Street Journal in a major Sunday story wrote that economists now believe China is entering an era …

Zhejiang details rules on tightening govt spending
1 year, 4 months ago

Zhejiang details rules on tightening govt spending

China Daily  

Evaluation system to help ensure more money being used to improve livelihoods Provincial-level government agencies in Zhejiang are taking a range of actions to cut their spending and improve efficiency in order to funnel more funds to the public. Zhejiang recently issued measures to establish a comprehensive evaluation system comprised of 23 specific indicators, covering control of personnel expenses, reduction …

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row
1 year, 9 months ago

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row

Firstpost  

China has increased its defence budget to 1.55 trillion yuan this year, up from 1.45 trillion yuan last year Beijing: Amid ongoing tensions with the US and the European nations, the latest being Germany’s threats against providing weapons to Russia against Ukraine, China has increased its defence budget for the eighth straight year. China has hiked its defence budget by …

Tai'an's GDP reaches 319.81b yuan in 2022
1 year, 10 months ago

Tai'an's GDP reaches 319.81b yuan in 2022

China Daily  

Tai'an's gross domestic product amounted to 319.81 billion yuan in 2022, an increase of 4.3 percent from the previous year, according to the local statistics authority. Tai'an's total output value of agriculture, forestry, animal husbandry and fishery industries reached 69.41 billion yuan, an increase of 5.6 percent from the previous year, and the total retail sales of consumer goods hit …

Helping enterprises pull through the pandemic
2 years ago

Helping enterprises pull through the pandemic

China Daily  

With the reemergence of the novel coronavirus across the country, China's economy is under the triple pressure of demand contraction, supply shocks and weakening expectations. As government expenditure on epidemic prevention and control and public health has continuously increased, small and medium-sized enterprises, particularly those in the service industry, hope the government can help them pull through the pandemic. To …

Helping enterprises pull through the pandemic
2 years ago

Helping enterprises pull through the pandemic

China Daily  

With the reemergence of the novel coronavirus across the country, China's economy is under the triple pressure of demand contraction, supply shocks and weakening expectations. As government expenditure on epidemic prevention and control and public health has continuously increased, small and medium-sized enterprises, particularly those in the service industry, hope the government can help them pull through the pandemic. To …

China boosts defence spending to $209 billion, over three times that of India
3 years, 9 months ago

China boosts defence spending to $209 billion, over three times that of India

Firstpost  

Beijing: China on Friday hiked its defence budget for the first time to more than US $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 percent increase in 2021. This year’s planned defence spending will be about 1.35 trillion yuan, state-run Xinhua news agency reported, adding that …

China hikes defence budget to USD 209 billion, 6.8 per cent increase
3 years, 9 months ago

China hikes defence budget to USD 209 billion, 6.8 per cent increase

India TV News  

China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. China’s annual defence budget maintains a single-digit growth for a sixth consecutive year, state-run Xinhua news agency reported. China's defence budget is about one quarter of the US figure, which is USD …

Tai'an GDP hits 276.65 billion yuan in 2020
3 years, 10 months ago

Tai'an GDP hits 276.65 billion yuan in 2020

China Daily  

Tai'an, Shandong province embraces charming views in sunset. The city's GDP reached 276.65 billion yuan, a year-on-year increase of 3.6 percent, and the ratio of primary, secondary, and tertiary industries shifted to 10.8:39.1:50.1. The city's industrial economy recovered and continued to improve throughout the pandemic, while the added value of industries above designated size in the city increased by 5.4 …

China to improve its fiscal policy quality
3 years, 11 months ago

China to improve its fiscal policy quality

China Daily  

A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. The government will normalize its implementation of the specified transfer payment mechanism to raise fiscal spending efficiency while "tightening the belt" to save money and enrich the people, said Liu. "We will increase the fiscal funds straightly channeled to the prefecture and county-level governments, …

Experts mull fiscal stimulus withdrawal
3 years, 11 months ago

Experts mull fiscal stimulus withdrawal

China Daily  

A staff member wearing a face mask arranges stacks of Chinese yuan banknotes at a bank in Nantong, East China's Jiangsu province, on Jan 30, 2020. Policy advisers agree on prevention of potential side-effects of tax measures A mechanism to withdraw special fiscal stimulus measures smoothly and gradually in the post-pandemic period is needed to stabilize market expectations and minimize …

Fiscal goals including tax, fee cuts set to be met
4 years, 4 months ago

Fiscal goals including tax, fee cuts set to be met

China Daily  

The government will be able to achieve its annual fiscal targets, according to its projection of steady economic recovery, cutting more than 2.5 trillion yuan in taxes and fees to support business and mitigate the impact of COVID-19, Finance Minister Liu Kun said in an interview with CCTV late on Thursday. The next stage of fiscal reforms will likely tackle …

Discover Related