Homepage  |  Fashion  |  Celebrity  |  Food  |  Health  |  Tours  |  Culture  |  Regional  |  Opinion  |  Sports
  Chinese culture -> China-regional -> China s Q1 tax revenue rise as economy stabilizes - China
 

[China-regional]China s Q1 tax revenue rise as economy stabilizes - China[Page:1]

BEIJING -- China's tax revenue grew faster in Q1, official data showed on Thursday.
The tax authority collected 3.33 trillion yuan ($490 billion) of revenue (excluding export rebates). It represents an increase of 11.8 percent from a year ago, compared with an annual rise of 4.8 percent registered in 2016, according to the State Administration of Taxation.
The growth is buoyed by positive economic indicators, notably the producer price index, a main gauge of inflation at the factory gate which shows the economy firming up, Zheng Xiaoying, a senior official of the administration said at a press conference.
In breakdown, the central government collected 1.54 trillion yuan and the local governments collected 1.79 trillion yuan, an increase of 11.1 percent and 12.4 percent respectively.
The service sector contributed 55.7 percent of the total, 11.6 percentage points higher than secondary industries, reflecting improvement of industrial structure, Zheng said.
Nonetheless, tax revenue from secondary industry gained steam, showing the real economy is improving, Zheng added.
  China-regional New Articles
Worldwide manhunt nets 50th fugitive - C
Cybersecurity threat could cause damage
Pudong sets the pace for high-tech growt
Agency ensuring natural gas supply - Chi
Eateries reassure customers after inspec
Beijing limits signs attached to top of
China develops hot water drill to facili
Infographic: Deputies to the 13th Nation
1,150-meter-long floating bridge created
Yale graduate helping transform remote v
Previous Article      Next Article      All Article
create time:2017-04-21 02:18:12 
  email:121756557@qq.com  Chinese culture