www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Slowing economy crimps China's fiscal revenue

By Zheng Yangpeng (China Daily) Updated: 2015-01-31 09:02

Slowing economy crimps China's fiscal revenue

A worker checks a bridge reinforcement at a construction site of the Yiyang-Loudi Highway in Central China's Hunan province. China's GDP growth slowed to 7.4 percent in 2014, the lowest reading since 1990. [Li Aiming / China Daily]

Broad fiscal revenue grew 7.2 percent last year, the slowest pace since 1991, underscoring both the pain of the economic slowdown and the growing tension between income and expenditure.

General fiscal revenue, including taxes and fines, rose 8.6 percent to 14 trillion yuan ($2.25 trillion), the Ministry of Finance said on Friday. That was the first single-digit expansion in 23 years.

Revenue grew 10.2 percent in 2013 and 12.9 percent in 2012 .

Special-purpose governmental funds, a separate income category, grew a feeble 3.5 percent to 5.4 trillion yuan. That compared with the 39.2 percent rise in 2013.

Land sale revenue, which usually accounts for about three-quarters of the governmental funds, grew 3.2 percent. A year earlier, revenue surged 44.6 percent amid a boom in the property market.

GDP growth slowed to 7.4 percent in 2014, the lowest reading since 1990. Behind the slowdown was the deceleration in fixed-asset investment, primarily real estate investment.

The property downturn affected an array of revenues in addition to land sales.

Property transaction-related taxes, such as the business tax on property sales, grew 4 percent, down from 33.6 percent in 2013.

Land sale and property transaction-related taxes are the financial lifeblood of local governments.

The ministry attributed the weak revenue growth to setbacks in industrial output, investment and consumption, which weighed on major tax items, the fall in factory-gate price, and the housing sale.

The dire tax figures raise questions about the government's ability to maintain an accommodative fiscal policy, said experts. Failure to do that could add further pressure on the country's overall growth prospects this year.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美精品在线一区二区三区 | 在线永久免费观看黄网站 | 99国产视频 | 美女被靠视频免费网站不需要会员 | 青久草视频| 国产成人亚洲精品 | 亚洲成人在线视频播放 | 91精品一区二区综合在线 | 美女视频永久黄网站免费观看韩国 | 国产一区二区三区手机在线观看 | 亚洲精品美女在线观看 | 欧美一级片在线观看 | 岬奈一区二区中文字幕 | 亚洲最大看欧美片网站 | 在线观看日本视频免费 | 日本老熟妇激情毛片 | 九九在线偷拍视频在线播放 | 91情侣在线偷精品国产 | 欧美激情视频一级视频一级毛片 | 欧美一级纶理片免费 | 91精品国产免费久久国语蜜臀 | 亚洲高清成人欧美动作片 | a一级网站 | 成人自拍网| 欧美性猛交xxxx免费看手交 | 久久福利青草免费精品 | 俺来也欧美亚洲a∨在线 | 性刺激免费视频观看在线观看 | 婷婷在线成人免费观看搜索 | 99爱视频在线观看 | 久久伊人成人网 | 67194午夜| 日本欧美一区二区三区视频 | 国产成人精品微拍视频 | 完全免费在线视频 | 久久精品一区二区三区日韩 | 亚洲欧美精品久久 | 九九九国产视频 | 深夜福利视频在线观看免费播放 | 精品外国呦系列在线观看 | 最新在线步兵区 |