China's fiscal revenue exceeds 20 trln yuan in 2021
Xinhua
25 Jan 2022, 20:30 GMT+10
BEIJING, Jan. 25 (Xinhua) -- China's fiscal revenue rose 10.7 percent year on year to hit 20.25 trillion yuan (about 3.19 trillion U.S. dollars) in 2021, Xu Hongcai, vice minister of finance, said Tuesday.
The fiscal revenue in 2021 nearly doubled from the 2012 figure of 11.73 trillion yuan, Xu said at a press conference.
The central government collected about 9.15 trillion yuan in revenue, up 10.5 percent year on year, while local governments saw revenue up 10.9 percent to 11.1 trillion yuan.
"The recovery of economic growth and higher producer prices helped drive up fiscal revenues of central and local governments," Xu said.
The country's fiscal spending edged up 0.3 percent year on year to 24.63 trillion yuan last year.
Subscribe and Follow
Get a daily dose of Seattle Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Seattle Bulletin.
More Information
48
℉
It's not politics but Holy War for me: Imran Khan
SIALKOT, Pakistan - Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has claimed that a plot to kill him was being hatched, ...
Report: Germany has taken in over 700,000 refugees from Ukraine
BERLIN, Germany: Citing Interior Ministry data, Welt am Sonntag newspaper has reported that more than 700,000 people fleeing the war ...
US pressured by airlines to lift Covid testing requirements
WASHINGTON D.C.: The U.S. airline industry is pressuring the Biden administration to lift a 16-month-old regulation requiring a negative COVID-19 ...
Czech resort opens world's largest pedestrian suspension bridge
DOLNI MORAVA, Czech Republic: The world's longest pedestrian suspension bridge has opened at a mountain resort in the Czech Republic. ...
Junta outpost attacked: 15 killed, five captured by resistance fighters
SHAN STATE, Myanmar - According to an officer who participated in the assault, two local defense forces have destroyed a ...
Tunisian navy rescues 32 Bangladeshis headed for Europe
TUNIS, Tunisia - The Tunisian navy said Saturday that it rescued 81 migrants, including 32 Bangladeshis, sailing from Libya to ...
Hang Seng jumps sharply on possible China move to relax tech reform
SYDNEY, NSW, Australia - A potential easing of the Chinese government's crackdown on technology companies drove stocks in Hong Kong ...
Nepal to get free 21.9% of 490mw electricity every month
KATHMANDU, Nepal - The governments of Nepal and India have signed a bilateral memorandum of understanding for the construction of ...
Kia reports second most electric car sales in US, Ford close behind
LOS ANGELES, California: Kia has become the second largest manufacturer of electric vehicles sold in the United States, second only ...
U.S. stock markets undermined by weak Chinese data
NEW YORK, New York - Weak economic news out of China undermined stocks on Wall Street on Monday. The major ...
Braking problems cause Mercedes-Benz to issue do-not-drive order
ATLANTA, Georgia: Mercedes-Benz USA has requested drivers to stop driving some of their autos immediately due to braking problems.The announcement ...
U.S. dollar reaches all-time high in Pakistan, crosses Rs194 in interbank trade
KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed ...
