Fiscal spending on sci-tech development grows 6.4% annually from 2018-2023

From 2018 to 2023, China's fiscal expenditure on science and technology increased from 832.7 billion yuan to over 1 trillion yuan (US$139.25 billion), representing an average annual growth rate of 6.4%, the country's vice minister of finance said at a press conference Thursday.

February 1, 2024

Fiscal policy aims to whet consumption

The Ministry of Finance will moderately step up proactive fiscal policy adjustments this year while improving fiscal governance efficiency and effectiveness in order to expand domestic demand and boost economic recovery momentum, Wang Dongwei, vice-minister of finance, said on Thursday.

February 2, 2024

China's general public budget revenue tops 21T yuan in 2023

China's general public budget revenue increased 6.4 percent year on year to exceed 21 trillion yuan (about 2.96 trillion U.S. dollars) in 2023, official data showed Thursday.

February 1, 2024