China's latest economic data

CNC
Added On April 18, 2019

 Official data of China's GDP and fiscal revenue in the first quarter of this year have been released.

China Report has the details. 
 
According to the data released by the National Bureau of Statistics on Wednesday, Chinese economy expanded 6.4 percent year on year in the first quarter of this year. 
 
China's GDP reached more than 21 trillion yuan, or about 3.18 trillion U.S. dollars, in the first three months of 2019, and the growth pace was the same with that of Q4 2018.
 
On Tuesday, the Ministry of Finance said that China's fiscal revenue rose 6.2 percent year on year to over 5.36 trillion yuan, or about 800 billion U.S. dollars, in the first quarter of the year.
 
The central government collected about 2.53 trillion yuan in fiscal revenue in the first quarter of this year, up 5.4 percent year on year, while local governments saw fiscal revenue rise 6.8 percent to around 2.83 trillion yuan.
 
Tax revenue saw a 5.4-percent climb to 4.67 trillion yuan during the period, but the growth continued to slow down. The first-quarter tax revenue growth dropped 11.9 percentage points year on year.
 
The ministry said the slide was attributed to China's newly-revised tax exemption and deduction policies.