Despite the global economic slowdown, China's fiscal revenue in the first nine months increased by 5.3 percent over the same period last year. Experts attribute this to proactive fiscal policy.

Data shows the national fiscal income surpassed 5 trillion yuan in the first three quarters. In September alone, fiscal revenue surged 33 percent, year-on-year, growing for the fifth month in a row.

Tax on consumption, business income, and vehicle purchase all increased significantly. And tax reform and cuts in various sectors mean the burden on companies has actually eased. China cancelled stamp tax on stock purchase over a year ago. In the beginning of this year, it started to implement the value-added tax reform nationwide.

Meanwhile, tax rebates on export have been raised five times since last year. All of these contribute to the target of cutting tax by 5 trillion yuan this year.

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