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 Professional Autos 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 Professional Autos.
More Information
30
℃
Stocks in Asia range-bound as markets contemplate next move
SYDNEY, NSW, Australia - Stocks struggled for direction in Asia on Monday. Early gains evaporated later in the data, although ...
China's Green Valley ends Alzheimer's drug test due to funding
BEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...
GM, union raise wages 8.5% at Mexico truck factory
SILAO, Mexico: U.S. automaker General Motors (GM) has agreed to raise wages by 8.5 percent, following negotiations with a new, ...
Croatia passes law paving way for switch to euro currency
ZAGREB, Croatia: Croatian lawmakers have voted to allow the introduction of the euro currency in 2023. Lawmakers voted 117-13 to ...
After jump in food prices, Iran cuts off internet to prevent protests
TEHRAN, Iran: Iran has abruptly raised prices as much as 300 percent for a variety of staple foods, including cooking ...
Weekly May inflation reported at 0.12 percent in Russia
MOSCOW, Russia: Russia's weekly inflation rate has further eased after surging soon after Moscow began its invasion in Ukraine on ...
Update: China's fixed-asset investment up 6.8 pct in Jan.-April
© Provided by Xinhua BEIJING, May 16 (Xinhua) -- China's fixed-asset investment saw steady growth in the first four months ...
IIIT Hyderabad organises workshop on IoT and oneM2M
Hyderabad (Telangana) [India], May 16 (ANI/PRNewswire): IIITH organized a Workshop on IoT and oneM2M on May 13 and 14, 2022 ...
PM Modi lays foundation of Buddhist cultural centre in Lumbini
Lumbini [Nepal], May 16 (ANI): Prime Minister Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba on Monday participated in ...
Neighbourhood First: PM Modi arrives in Lumbini in a boost to India-Nepal ties
Lumbini [Nepal], May 16 (ANI): In furtherance of India's 'Neighbourhood First' policy, Prime Minister Narendra Modi on Monday arrived in ...
Rebel Foods deploying real-time cold chain monitoring system from TagBox
Bengaluru (Karnataka) [India], May 16 (ANI/PRNewswire):The solution comprising of IoT devices like Tag360 sensors to monitor temperature, door-open and energy ...
Central China province new magnet for foreign investment
© Provided by Xinhua CHANGSHA, May 16 (Xinhua) -- Every 6.5 minutes, an engine rolls off the robot-operated assembly line ...
