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Economy

China's stamp tax revenue up 27.9 pct in first 11 months

December 21, 2020


Abstract : China's stamp tax revenue rose 27.9 percent year on year to 290.6 billion yuan (about 44.5 billion U.S. dollars) in the first 11 months of the year, official data showed.

BEIJING, Dec. 19 (Xinhua) -- China's stamp tax revenue rose 27.9 percent year on year to 290.6 billion yuan (about 44.5 billion U.S. dollars) in the first 11 months of the year, official data showed.

Stock trading stamp tax revenue surged 49.2 percent from a year ago to 172.8 billion yuan, according to the Ministry of Finance, which marks active trading in the country's booming capital market.

The country's fiscal revenue declined 5.3 percent year on year to around 16.95 trillion yuan over the same period, while fiscal spending totaled nearly 20.78 trillion yuan, up 0.7 percent from the previous year, data from the ministry showed. Enditem

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