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 total of tax and nontax revenues, grew 5.5 percent year-on-year in October, marking a continued rebound in growth momentum. In particular, the data showed that tax revenue recorded a year-on-year increase of 1.8 percent in October, the first positive growth so far this year, pointing to encouraging signs of improvement. China's nontax revenue growth accelerated significantly in the first 10 months of the year, substantially outpacing the 1.8 percent annual target set at the beginning of the year, according to the analysis by Galaxy Securities.

Growth China Tax Revenue State Yang Tax Revenue Nontax Revenue Nontax  traction  sign  ministry  tax  yearonyear  positive  market  fiscal  gaining  recovery  revenue  seen  economic  growth  nontax  recorded  months

History of this topic

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 …

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'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 …

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 …

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 …

减税降费政策为市场主体添活力
2 years, 3 months ago

减税降费政策为市场主体添活力

China Daily  

国家税务总局最新数据显示，截至8月31日，今年全国累计新增减税降费及退税缓税缓费超3.3万亿元，有效提振市场主体信心，增强发展内生动力，推动经济平稳健康发展。 An employee of an auto parts manufacturer answers a tax official's queries on production in Fuzhou, Fujian province, on June 1. 官方数据显示，中国的减税降费及退税缓税缓费政策为市场主体注入活力。 The country's accumulated tax refunds, tax and fee cuts, and tax and fee deferrals this year topped 3.3 trillion yuan by Aug. 31, according to the State Taxation Administration. 增值税发票数据还显示，大规模增值税留抵退税政策的实施，有效缓解了企业资金压力。 From April to August, the sales revenue …

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹
2 years, 4 months ago

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹

China Daily  

国家市场监督管理总局8月17日表示，截至6月底，全国登记在册市场主体1.61亿户，较2021年底增长4.4%，上半年市场主体发展呈现V字型走势。新增市场主体中，新经济新业态市场主体的加速发展，为推动高质量发展提供了新的动能。 Employees of Shandong Marine Group display a fish at an aquaculture base in Qingdao, Shandong province. China's top market regulator said on Wednesday that the number of newly established market entities, including companies and the self-employed, witnessed a V-shaped recovery in the first half, as market confidence from various businesses continued to get a boost despite ongoing COVID-19 resurgences …

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹
2 years, 4 months ago

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹

China Daily  

国家市场监督管理总局8月17日表示，截至6月底，全国登记在册市场主体1.61亿户，较2021年底增长4.4%，上半年市场主体发展呈现V字型走势。新增市场主体中，新经济新业态市场主体的加速发展，为推动高质量发展提供了新的动能。 Employees of Shandong Marine Group display a fish at an aquaculture base in Qingdao, Shandong province. China's top market regulator said on Wednesday that the number of newly established market entities, including companies and the self-employed, witnessed a V-shaped recovery in the first half, as market confidence from various businesses continued to get a boost despite ongoing COVID-19 resurgences …

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 …

一周双语新闻热词汇总（3.5-11）
2 years, 9 months ago

一周双语新闻热词汇总（3.5-11）

China Daily  

政府工作报告 government work report 3月5日上午9时，第十三届全国人民代表大会第五次会议在人民大会堂举行开幕会。国务院总理李克强代表国务院作政府工作报告。双语要点如下： 一、去年工作回顾 国内生产总值达到114万亿元，增长8.1% China’s gross domestic product reached 114 trillion yuan, growing 8.1 percent. 最高检工作报告 work report of the Supreme People's Procuratorate China steps up efforts to nurture law-based business environment 着力营造法治化营商环境 Last year, they prosecuted 134,000 people on charges of disrupting the order of the market economy in 2021, as part of the country's effort …

每日新闻播报（January 27）
2 years, 10 months ago

每日新闻播报（January 27）

China Daily  

>Energy conservation and emissions reduction 节能减排综合工作方案印发 Aerial photo taken on Aug 17, 2020 shows a photovoltaic power station at the green industrial development park in the Tibetan autonomous prefecture of Hainan, Northwest China's Qinghai province. 化学需氧量、氨氮、氮氧化物、挥发性有机物排放总量比2020年分别下降8%、8%、10%以上、10%以上。 "Policies and mechanisms for conserving energy and reducing emissions will be improved, energy use efficiency and control of the discharge of major pollutants in …

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 …

China's post-Covid-19 path to normalcy: Parallels for India
3 years, 4 months ago

China's post-Covid-19 path to normalcy: Parallels for India

Hindustan Times  

The impact of Covid-19 on each country’s economy is a complex function of numerous factors including extent of disruption caused by lockdown, financial health of enterprises and pattern of industrialisation. The intent is not to appraise these measures but to aid reflections on whether the underlying problems motivating China’s measures might find parallels in India. Resumption of work: The first …

Profits of China's SOEs continue to rise
3 years, 11 months ago

Profits of China's SOEs continue to rise

China Daily  

A CNOOC employee uses a wireless communication device on an offshore drilling platform in the South China Sea. The SOEs saw their aggregate net profits after taxes go up by 47.2 percent year-on-year last month, while the operating revenue climbed 6 percent, according to data from the Ministry of Finance. In the first 11 months, the SOEs raked in 55.61 …

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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