China's fiscal revenue up 31.2% in H1
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Xinhua, July 14, 2011
The Ministry of Finance said on Thursday that the country's fiscal revenue rose 31.2 percent year-on-year to 5.69 trillion yuan (875.5 billion U.S. dollars) in the first half of this year.
In June alone, fiscal revenue reached 1.01 trillion yuan, up 27.6 percent from a year earlier, the ministry said in a statement on its website.
The ministry attributed the fast growth of revenue in the first six months mainly to the country's economic growth and higher prices.
China's economy expanded at 9.6 percent year-on-year in the first half of this year, with the growth rate at 9.5 percent in the second quarter, the National Bureau of Statistics said Wednesday.
The consumer price index (CPI), the main gauge of inflation, rose 5.4 percent from a year earlier in the first half, with the growth rate accelerated to a three-year high of 6.4 percent in June.
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