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

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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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s stamp tax revenue up 27.9 pct in first 11 months

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