Beijing Review

ECONOMY

Fiscal Revenue

China’s fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of the year to exceed 11.7 trillion yuan ($1.8 trillion), official data showed on July 20.

It rose 8.6 percent from the corresponding pre-pandemic level in 2019, according to the Ministry of Finance.

Fiscal expenditure went up 4.5 percent in the first six months from a year earlier to 12.17 trillion yuan ($1.9 trillion).

Trade Corridor

A China-Singapore land-sea trade corridor has expanded its reach to 304 ports in 106 countries and regions worldwide.

The New International Land-Sea Trade Corridor is a

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