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China's fiscal revenue up 4.8% in May

(Xinhua)
Updated: 2009-06-15 16:45

BEIJING -- China's Ministry of Finance said Monday that the country's fiscal revenue in May rose 4.8 percent year on year to 656.95 billion yuan (US$96.05 billion).

Related readings:  China's PPI down 7.2% in May  CPI and PPI fall, but deflation threat eases  Exports plunge 26.4% in May, down for 7th month  Foreign direct investment falls 17.8% in May

In the first five months of this year, the revenue fell 6.7 percent to 2.711 trillion yuan, said the ministry.

Fiscal revenue includes taxes as well as administrative fees and other government income, such as fines and income from government-owned assets.