Fis­cal rev­enue up in Oc­to­ber

China Daily (USA) - - BUSINESS -

China’s fis­cal rev­enue rose 5.9 per­cent year-on-year to 1.54 tril­lion yuan ($225.5 bil­lion) in Oc­to­ber, faster than the 4.9 per­cent rise in Septem­ber, of­fi­cial data showed on Mon­day. The pick up in pace was partly due to strong growth in tax rev­enues, which rose 7.2 per­cent in Oc­to­ber, com­pared with a drop of 0.7 per­cent in Septem­ber, the Min­istry of Fi­nance said in a state­ment. The min­istry at­trib­uted the tax rev­enue growth to the re­cov­ery of eco­nomic in­di­ca­tors, and a low com­par­i­son base with the same month in 2015.

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