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, while local governments collected around 10.25 trillion yuan, up 0.9 percent, according to the ministry. Specifically, the central government's fiscal expenditure rose 7.9 percent year on year, compared to a 1.8 percent increase in expenditure by local governments, according to the data.

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China's general public budget revenue sees accelerated growth in November
6 days, 23 hours 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 …

Fiscal revenue growth seen as sign of economic recovery gaining traction
4 weeks ago

Fiscal revenue growth seen as sign of economic recovery gaining traction

China Daily  

By WANG KEJU | CHINA DAILY | Updated: 2024-11-25 07:10 A view of the Huangpu River in Shanghai. China's tax revenue growth returned to positive territory in October for the first time this year, suggesting that the country's economic activity is picking up pace and gaining stronger momentum, analysts said. According to the latest data released by the Ministry of …

Fiscal revenue growth seen as sign of economic recovery gaining traction
4 weeks ago

Fiscal revenue growth seen as sign of economic recovery gaining traction

China Daily  

A view of the Huangpu River in Shanghai. China's tax revenue growth returned to positive territory in October for the first time this year, suggesting that the country's economic activity is picking up pace and gaining stronger momentum, analysts said. According to the latest data released by the Ministry of Finance, China's general public budget revenue, which is the sum …

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's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

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, 3 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 …

China's industrial sector sees steady growth in July
4 months ago

China's industrial sector sees steady growth in July

China Daily  

A worker checks solar photovoltaic modules at the production workshop of an energy-saving company in Nantong, Jiangsu province, Aug 13, 2024. BEIJING - China's industrial sector registered a steady revenue growth in July, as indicated by an increase in VAT invoice issuance, the State Taxation Administration said on Monday. Tax data revealed a 6 percent year-on-year growth in the sales …

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'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 …

China’s economy beats expectations, growing 5.3 percent in first quarter
8 months, 1 week ago

China’s economy beats expectations, growing 5.3 percent in first quarter

Al Jazeera  

Statistics agency says economy has made ‘good start’ to the year under the leadership of Chinese President Xi Jinping. China’s economy grew faster than expected in the first three months of the year, a boost for policymakers grappling with a property-sector crisis, weak consumer demand and mounting government debt. The NBS said in a statement that the economy had made …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

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 economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

China to extend tax, fee supports for enterprises
1 year, 2 months ago

China to extend tax, fee supports for enterprises

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. BEIJING -- China will extend several preferential tax and fee policies to continue easing the burden on enterprises and support the development of businesses, the Ministry of Finance said Wednesday. China will continue to exempt registration fees for certain epidemic-prevention drugs and …

Govt mulls over more fiscal support
2 years, 7 months ago

Govt mulls over more fiscal support

China Daily  

Proactive policies help hard-hit market players through large-scale tax refunds China is considering additional fiscal policy support while mounting an all-out effort to put existing measures into place, providing a strong buffer against downward pressures on the national economy, officials and experts said on Tuesday. They added that large-scale tax refunds have started to benefit hard-hit market players in the …

China’s economy grows 8.1% in 2021, slows in second half
2 years, 11 months ago

China’s economy grows 8.1% in 2021, slows in second half

Associated Press  

BEIJING — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month’s Winter Olympics in Beijing. The world’s second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China’s vast real estate industry to cut surging debt, official …

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
3 years, 2 months ago

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Firstpost  

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls Beijing: China’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation’s recovery from the coronavirus pandemic. The world’s second-largest economy grew …

China's economy grows 9.8% in Jan-Sept
3 years, 2 months ago

China's economy grows 9.8% in Jan-Sept

China Daily  

China's GDP grew by 9.8 percent year-on-year in the first three quarters of the year to 82.31 trillion yuan, compared with 12.7 percent in the first half, the National Bureau of Statistics said on Monday. In the third quarter, China's economic growth came in at 4.9 percent both on a yearly basis and on a two-year average basis, compared with …

Shandong's fiscal revenue grows by 22.3% in Jan-July
3 years, 3 months ago

Shandong's fiscal revenue grows by 22.3% in Jan-July

China Daily  

From January to July this year, Shandong province's general public budget revenue reached 504.2 billion yuan, up 22.3 percent and 17.6 percent over the same period in 2020 and 2019 respectively, statistics from the Shandong Provincial Department of Finance showed. From January to July this year, the province's tax revenue reached 363.8 billion yuan, up 24 percent and 12.9 percent …

Shandong's fiscal revenue grows by 22.3% in Jan-July
3 years, 3 months ago

Shandong's fiscal revenue grows by 22.3% in Jan-July

China Daily  

From January to July this year, Shandong province's general public budget revenue reached 504.2 billion yuan, up 22.3 percent and 17.6 percent over the same period in 2020 and 2019 respectively, statistics from the Shandong Provincial Department of Finance showed. From January to July this year, the province's tax revenue reached 363.8 billion yuan, up 24 percent and 12.9 percent …

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 …

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