BEIJING, April 21 (Xinhua) -- China's stamp tax revenue rose 69.3 percent year on year to 130.1 billion yuan (about 20 billion U.S. dollars) in the first quarter (Q1) of the year, official data showed Wednesday.
Stock trading stamp tax revenue surged 94.2 percent from a year ago to 88 billion yuan, according to the Ministry of Finance. This marks active trading in the country's booming capital market.
The country's fiscal revenue surged 24.2 percent year on year to exceed 5.71 trillion yuan over the same period, while fiscal spending totaled nearly 5.87 trillion yuan, up 6.2 percent from the previous year, data from the ministry showed. Enditem
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