Latest News:  
Beijing   Cloudy/Sunny    24 / 14 ℃  City Forecast

English>>China Business

China's August fiscal revenues rise 4.2%

(Xinhua)

08:39, September 12, 2012



BEIJING, Sept. 11 (Xinhua) -- China's fiscal revenues grew 4.2 percent year on year to 786.3 billion yuan (about 124 billion U.S. dollars) in August, the Ministry of Finance said on Tuesday.

The country's central fiscal revenue dropped 6.7 percent year on year to 376.5 billion yuan last month, while that of local governments was up 16.8 percent to 409.8 billion yuan, according to a statement from the ministry.

During the first eight months, the country's fiscal revenues expanded by 10.8 percent from a year earlier to 8.23 trillion yuan, the statement said.

The growth rate was down 20.1 percentage points compared with the same period last year.

The ministry attributed the slower growth to the slowing economy, falling prices and structural tax reductions.

China's economy expanded 7.8 percent year on year in the first half of 2012, down 1.8 percentage points from a year earlier.

The country's consumer price index, a key gauge of inflation, rose 2 percent year on year in August, accelerating from 1.8 percent in July, according to the statistics bureau.


【1】 【2】



News we recommend:
Golden Week boosts travel firms Inflation rebounds to 2% in August Vehicle sales increase, but dealers still see profits drop
Energy conservation: A New Investment Opportunity NDRC raises fuel prices Experts say 8% growth possible
Grape expectations from Argentina  Secrets of the Chinese travelers Answering the E-Waste Question

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Fighters conduct live-fire attack training

  2. North Korea in festive mood for National Day

  3. Experts say 8% growth possible

  4. The Peacock and Peacock princess Yang Liping

  5. Gao Xiaosong on America

  6. How to Photograph Fall Colors

Most Popular

Opinions

  1. Commentary: EU needs to think big, like APEC
  2. Green economy should not be used as political card
  3. Hongkongers remain confused over identity
  4. 9/11 attack spurred mistaken wartime strategy
  5. Japan lost at sea among shifting priorities
  6. Regaining Diaoyu needs long-term efforts
  7. Expert: China needs more elite servicemen

What's happening in China

Heavy rains add to Yiliang quake woes

  1. China provides weather forecast for Diaoyu Islands
  2. China staffing more villages with college grads
  3. Quake turns construction worker into rescuer
  4. China gets tough on postgrad entrance exams
  5. Eight trapped in SW China coal mine flooding

China Features

  1. Miss World Eco-tourism 2012 crowned in Nanjing
  2. 'Voyager of the Seas' sets sail from Tianjin
  3. Which special tour is right for you?
  4. Cooperation promote sustainable economic growth
  5. Exclusive:A probe into GM rice test

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture