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 Singapore Star 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 Singapore Star.
More Information
25
℃
More lockdowns in Shanghai for mandatory Covid testing
SHANGHAI, China: The central Shanghai district of Jingan, a key commercial area in China's financial hub, has announced that it ...
Polish president: Ukraine must decide its own future
KYIV, Ukraine: Andrzej Duda, President of Poland, told lawmakers in Kyiv this week that Ukraine has the right to decide ...
Nineteen kids, 2 adults confirmed dead in Texas school massacre
SAN ANTONIO, Texas (ANI/Big News Network): The death toll in the mass shooting incident at a school in Texas now ...
US, Japan, Australia, India join to limit illegal fishing by China
LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...
Agreement reached to return Parthenon sculpture to Greece
ATHENS, Greece: In a significant move for Greece, which has intensified its campaign to bring back sculptures from its most ...
Japan prime minister warns China over East China Sea moves
TOKYO, Japan: China's efforts to develop areas in the East China Sea are "unacceptable," Japanese Prime Minister Fumio Kishida said ...
In bid to lower cost of steel, India imposes 50% tax on ore exports
NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...
Federal Reserve minutes spark late buying surge for U.S. stocks
NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...
US seeks stronger high tech ties to Taiwan
WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...
Finland seeks new suppliers as Russia stops deliveries of natural gas
MOSCOW, Russia: In the latest escalation of an energy payment dispute with Western nations, Russia's Gazprom has halted gas exports ...
Stocks in Asia trade sideways, Australian All Ordinaries adds 18 points
SYDNEY, NSW, Australia - It was a lukewarm day for stocks across Asia Wednesday with little movement in either direction.In ...
Apple reported to move manufacturing from China
NEW YORK CITY, New York: The Wall Street Journal has reported that Apple has told some of its contract manufacturers ...
