- CNTV English - CCTV News

China July gov't revenue, spending up

08-12-2010 09:08 BJT Special Report:China’s Economic Data for July |

Watch Video

Play Video

China's fiscal revenues in July rose 16.2 percent from a year earlier. The growth rate rebounded from June's smaller increase.

The Ministry of Finance says the fiscal revenue in July totaled around 778 billion yuan. While for the first seven months, fiscal revenue grew nearly 26 percent to over 5 trillion yuan.

The central government has targeted an eight percent growth in fiscal revenues this year. The finance ministry said revenues will continue to fall for the rest of 2010, as it expects the pace of economic growth to slow.

Official figures also show that government spending was up 16.6 percent in July. Spending in the science and technology sectors accounted for almost half of the total. China has set its fiscal deficit target for this year at less than 3 percent of its GDP.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program