China’s balance sheet revenue rises 10% in 8 months

Official data published by the Chinese Ministry of Finance showed that China’s general budget revenues increased by 10 percent year-on-year, to 15.18 trillion yuan (2.11 trillion U.S. dollars) during the first eight months of this year.

The Chinese news agency “Xinhua” reported that this rise is due to the ongoing economic recovery in China, which is mainly due to the implementation of large-scale policies to maintain and recover VAT since April last year.
The total tax revenue reached 12.79 trillion yuan during the same period, with an increase of 12.9 percent year-on-year.

Official data published by the Chinese Ministry of Finance showed that China’s general budget revenues increased by 10 percent year-on-year, to 15.18 trillion yuan (2.11 trillion U.S. dollars) during the first eight months of this year.

The Chinese news agency “Xinhua” reported that this rise is due to the ongoing economic recovery in China, which is mainly due to the implementation of large-scale policies to maintain and recover VAT since April last year.
The total tax revenue reached 12.79 trillion yuan during the same period, with an increase of 12.9 percent year-on-year.