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China’s fiscal revenue rose 9.4% in September
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CHINA'S fiscal revenue rose 9.4 percent year on year in September, while expenditure posted its biggest rise in five months amid government's fiscal policy to stabilize economic growth, the Ministry of Finance said today.
Government revenue rose 9.4 percent year on year to 1.09 trillion (US$171.9 billion) in September, up from a 6.2 percent rise in August.
"Extending decline on producer prices, structural tax cuts amid an economic downturn give pressure on fiscal revenue," the ministry said, adding cautions that the fiscal growth in most parts of the country will face difficulties in the fourth quarter.
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