China's fiscal revenue up 13.6 pct in Q1

Updated 2018-04-09 17:16:25 Xinhua

China's fiscal revenue rose 13.6 percent year on year in the first quarter, the Ministry of Finance (MOF) said in a statement Monday.

The stable growth was mainly driven by a faster increase in tax revenue, as businesses posted better profits amid solid economic growth, according to the MOF. Tax revenue accounted for 87.7 percent of fiscal revenue during the January-March period, up 2.5 percentage points from the year-earlier level.

The MOF cited an increase in factory activity, improving services, robust consumption and steady foreign trade.

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