China's fiscal revenue rises 20.5% in May
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China's fiscal revenue totaled 791.77 billion yuan (115.93 billion U.S. dollars) in May, up 20.5 percent from a year earlier, the Ministry of Finance announced Friday.
The ministry attributed the drastic increase to tax revenue increase because of economic recovery and lower comparison base in the same period of last year.
The government's fiscal revenue reached 3.55 trillion yuan for the first five months of this year, up 30.8 percent year on year, the ministry said.
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