China’s fiscal revenue increased by 1.3 per cent YoY to reach 21.97 trillion yuan ($3.05 trillion) last year, according to data from the country’s finance ministry.
The country’s tax revenue dropped by 3.4 per cent YoY, while its non-tax revenue rose by 25.4 per cent YoY.
China’s fiscal expenditure expanded by 3.6 per cent YoY to 28.46 trillion yuan in 2024.