1. LINE

      Text:AAAPrint
      Economy

      China's fiscal expenditure jumps 24.1 pct in July

      1
      2015-08-12 17:18Xinhua Editor: Gu Liping

      China's fiscal expenditure rose 24.1 percent year on year to 1.27 trillion yuan (201 billion U.S. dollars) in July, the Ministry of Finance announced on Wednesday, signaling governmental efforts to stimulate economic activity.

      Total fiscal spending in the first seven months amounted to 9 trillion yuan, up 13.4 percent year on year, with spending on social security and employment up 21.4 percent to 1.17 trillion yuan.

      China's fiscal revenue rose 12.5 percent year on year to 1.42 trillion yuan in July, according to the ministry. Combined fiscal revenue in the first seven months hit 9.38 trillion yuan, a year-on-year increase of 7.5 percent. The revenue growth was 3.1 percentage points lower compared to the rise seen in the same period last year based on the same caliber.

      The slower growth was due to factors including carryover effects, slowing industrial activity and the government's efforts to cut taxes and fees to relieve the burden on businesses, experts said.

      The ministry said it will strengthen budget management and eliminate tax loopholes to increase revenues.

      Data released by the National Bureau of Statistics earlier in the day underlined sluggish growth in the world's second-largest economy.

      In July, China's value-added industrial output expanded 6 percent year on year, down from 6.8 percent for June while retail sales expanded 10.5 percent, lower than June's 10.6-percent growth. Fixed-asset investment grew 11.2 percent year on year in the first 7 months of 2015, lower than 11.4 percent in the first half.

      Premier Li Keqiang, speaking at the opening of the annual parliamentary session in March, stressed that a proactive fiscal policy and prudent monetary policy would continue in 2015.

      China plans to raise its budget deficit to 2.3 percent of its GDP for 2015, up from last year's target of 2.1 percent.

      China's economy posted 7-percent growth year on year in the second quarter of 2015, unchanged from the first quarter, the lowest quarterly growth rate since 2009.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲精品无码人妻无码| 亚洲偷自拍另类图片二区| 久久久久亚洲AV成人无码网站| 亚洲成年人电影在线观看| 亚洲成AV人片在WWW| 免费高清国产视频| 日韩视频在线免费| 亚洲色成人网一二三区| 2022国内精品免费福利视频| 日本高清免费不卡视频| 亚洲精品久久无码av片俺去也| 国产美女无遮挡免费视频网站| 亚洲一卡2卡4卡5卡6卡在线99| 女人隐私秘视频黄www免费| 国产视频精品免费| 午夜免费国产体验区免费的| 日本xxwwxxww在线视频免费| 国产成人va亚洲电影| 无码中文在线二区免费| 中文字幕亚洲精品| 在线观看视频免费完整版| 亚洲丶国产丶欧美一区二区三区 | 亚洲熟妇无码爱v在线观看| a级毛片100部免费观看| 亚洲国产精品久久久久| 最近国语视频在线观看免费播放| 久久精品国产亚洲香蕉| a级成人毛片免费视频高清| 亚洲校园春色小说| 国产在线观看免费视频播放器| 黄色视频在线免费观看| 亚洲国产成人VA在线观看| 国产成人亚洲精品电影| 亚洲国产成人高清在线观看| 久久久久女教师免费一区| 亚洲第一页在线视频| 亚洲AV无码乱码在线观看牲色| 久久国产色AV免费观看| 亚洲美女视频网站| 免费一级成人毛片| 两性色午夜免费视频|