Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Fiscal cushion to sustain Q2 economic momentum

    By Chen Jia | China Daily | Updated: 2018-05-16 09:10
    Share
    Share - WeChat
    A steelworker tests the temperature of molten steel at Dalian Tegang Co in Dalian, Liaoning province. [Photo by Liu Debin/For China Daily]

    Steady increase in revenue to provide leeway against external headwinds

    Substantial growth in China's fiscal revenue during the first four months of this year and the rapidly improving financial climate are expected to give policymakers more leeway to issue policies that can sustain growth momentum in the second quarter, experts said on Tuesday.

    The robust growth in fiscal revenues will allow policymakers to fine-tune policies in order to ensure stable growth and withstand unexpected headwinds and risks in the short-term, such as trade frictions and the financial deleveraging campaign, said Wendy Chen, a senior economist with Nomura Securities.

    Chen expects the government to speed up fiscal spending in the coming months to maintain the growth momentum.

    From January to April, the country's gross fiscal revenue maintained a double-digit growth rate of 12.9 percent year-on-year to reach 6.9 trillion yuan ($1.08 trillion), with tax income accounting for 6.09 trillion yuan of the total, according to data from the Ministry of Finance.

    Fiscal revenue stood at 1.85 trillion yuan in April, up 11 percent from a year earlier, while tax revenue rose 14.6 percent to 1.66 trillion yuan, according to the ministry.

    Bai Jingming, vice-president of the Chinese Academy of Fiscal Sciences, said the higher tax income was largely due to the steady economic growth momentum.

    China's industrial output expanded to 7 percent in April, increasing from the 6-percent rise in the previous month and beating market expectations of around 6.4 percent, official data showed.

    During the first four months, industrial output rose 6.9 percent, compared with the 6.8-percent gain in the first quarter, the National Bureau of Statistics (NBS) said in a statement.

    "Economic restructuring is gathering pace with the upgrade of traditional industries and the fast expansion of emerging industries. The overall improvements in corporate profits has also contributed to the tax increase," said Bai.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲av无码专区国产乱码在线观看| 天堂新版8中文在线8| 亚洲AV区无码字幕中文色 | 国产高清无码毛片| 亚洲精品欧美二区三区中文字幕| 国产精品VA在线观看无码不卡| 青娱乐在线国产中文字幕免費資訊| 天堂无码在线观看| 无码国产精品一区二区免费3p| (愛妃視頻)国产无码中文字幕| 亚洲日韩VA无码中文字幕| 亚洲AV无码久久| 日本中文字幕电影| 亚洲av无码成人精品区| 无码国产精品一区二区免费vr| 日本无码小泬粉嫩精品图| 亚洲日韩v无码中文字幕| 久久精品无码免费不卡| 无码人妻少妇久久中文字幕蜜桃| 中文无码精品一区二区三区| 精品亚洲综合久久中文字幕 | 亚洲综合最新无码专区| 人妻无码一区二区不卡无码av| 国产色无码专区在线观看| 久久久久久av无码免费看大片| 一本色道无码道在线观看| 人妻系列AV无码专区| 最好看的中文字幕2019免费| 天堂在线资源中文在线8| 亚洲爆乳无码精品AAA片蜜桃| 国产日韩精品无码区免费专区国产| 久久亚洲AV成人出白浆无码国产| 无码AV岛国片在线播放| 亚洲成av人片在线观看无码不卡| 高潮潮喷奶水飞溅视频无码| 再看日本中文字幕在线观看| 日韩精品一区二三区中文 | 亚洲AV无码专区电影在线观看| 无码精品A∨在线观看免费| 中文字幕一区二区免费| 野花在线无码视频在线播放|