China's Fiscal Revenue Rises 25.7Pct in Jan~July

»China’s fiscal revenue rose 25.7 percent, or 1.05 trillion yuan year-on-year to 5.11 trillion yuan ($750billion) in the January ~ July period, the Ministry of Finance said Wednesday.

»In July alone, the fiscal revenue was 778.32 billion yuan, marking an increase of 16.2 percent from a year ago, said the ministry in a statement.

»The government’s expenditure in the first seven months amounted to 3.96 trillion yuan, up 16.9 percent year-on-year. For July, expenditure rose 16.6 percent to 581 billion yuan compared with the same period of last year.