Briefly

Fiscal revenue rises in first five months

China's fiscal revenue rose 24.2 percent on a yearly basis in the first five months. According to data released by the Ministry of Finance on Thursday, the country's fiscal revenue reached 9.65 trillion yuan ($1.5 trillion) during the reporting period. Tax revenue came in at nearly 8.38 trillion yuan in the January-May period, up 25.5 percent year-on-year. Revenue from value-added tax jumped 24 percent from a year earlier, while stamp tax revenue saw an increase of 42.9 percent.

Mobile gaming sales up 5% in May

Mobile gaming sector maintained steady expansion in China during May, according to an industry report. The sales revenue of China's mobile game market stood at 18.62 billion yuan ($2.92 billion) last month, up 5.28 percent on a yearly basis, said a report published by CNG, a research agency in the sector.

Xinhua - China Daily