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China's Fiscal Revenue Drops 0.3% in First 5 Months
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China's fiscal revenue fell 0.3 percent year-on-year to more than 9.66 trillion yuan (US$1.35 trillion) in the first five months of the year, according to data from the Ministry of Finance released on Friday. During the period, the central government collected nearly 4.15 trillion yuan (US$577.3 billion) in fiscal revenue, down 3 percent year-on-year, while local governments collected more than 5.51 trillion yuan (US$766.5 billion), up 1.9 perce…
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