China's fiscal revenues rise 13.7 pct in Oct. (2)

Customs data released Saturday showed China's exports in October posted the strongest monthly growth since May while imports remained weak.

During the first ten months, the country's fiscal revenues grew by 11.2 percent from a year earlier to 10.1 trillion yuan. However, the growth rate was down 16.9 percentage points compared with the same period last year, the ministry said.

From January to October, tax revenues nationwide rose 9 percent year on year to 8.7 trillion yuan. The growth rate was down 17.6 percentage points from a year earlier, according to the ministry.

The easing growth was affected by declining corporate income and producer prices, as well as structural tax reductions, the (MOF) said.

The country's fiscal expenditures totaled 9.3 trillion yuan in the first ten months, up 19.6 percent from a year earlier, according to the ministry.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake'	China: A Fast-growing Force in IPR	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Canton Fair wraps up on Sunday