Booming: Employees work on a truck assembly line at the vehicle manufacturing company Jianghuai Automobile Group Corp in Qingzhou, in eastern China’s Shandong province. China’s industrial production continues to accelerate this year. — AFP
BEIJING: Government revenue rose during the first two months of the year in China, on the back of 18.9% year-on-year growth in tax income, indicating a steady economic recovery, according to the Ministry of Finance.
Overall government revenue rose by 18.7% to 4.18 trillion yuan (US$642.9bil or RM2.635 trillion) in January and February, given the low base during the same period a year ago. Government expenditure rose by 10.5% to 3.57 trillion yuan, focusing on key fields like education, social security, employment and healthcare.
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