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 Utah Independent 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 Utah Independent.
More Information
62
℉
US House Speaker Pelosi banned from communion over abortion views
SAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...
Tornado hits western German city; dozens injured, 2 dead
BERLIN, Germany: At least 43 people were injured after a tornado struck the western German city of Paderborn on May ...
American arrested, Chinese officials charged with spying in US
WASHINGTON D.C.: The Department of Justice has said that an American citizen and four Chinese intelligence officers have been charged ...
To help US businesses, 35,000 foreign workers to be taken in
WASHINGTON D.C.: Due to the inability of businesses to hire enough workers, the U.S. has announced that it will grant ...
US Senate to vote on resolution urging probe of beef price fixing
WASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...
Strain of Ukraine war causes Russian defense spending to increase 40%
MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...
Wall Street rockets higher, Dow Jones gains nearly two percent
NEW YORK, New York - U.S. stocks rocketed higher Monday, a rally ignited by a weakening of the U.S. dollar ...
Michigan baby formula plant to reopen in face of ongoing shortages
WASHINGTON D.C.: Following baby formula shortages throughout the United States, FDA Commissioner Robert Califf has said that Abbott Laboratories and ...
Indian private space launch company Skyroot sees first launch in 2023
NEW DELHI, India: Skyroot, India's first privately held company to design, build and test a solid rocket propulsion system, successfully ...
Greenback under pressure in Asia, stocks close mostly higher
SYDNEY, NSW, Australia - Stocks in Asia were mostly moderately higher at the close Monday, while the U.S. dollar was ...
Chinese voice criticism of $1,373 Gucci umbrella that cannot get wet
BEIJING, China: Chinese consumers have been vocal in their criticism of a $1,373 Gucci umbrella which should be kept out ...
Mercedes to install lighter batteries with 20-40% power boost
STUTTGART, Germany: Beginning in 2025, Mercedes-Benz will incorporate a new, highly energy-dense battery in its G-Class electric vehicles, potentially solving ...
