In October, China’s financial revenue was RMB684.493b, with an increase of RMB151.598b year-on-year, up by 28.4%. Among them, revenue of central level was RMB380.343b, up by 37%; revenue of local level was RMB304.15b, with an increase of 19.2%. In addition to the stabilizing economy picked up growth of relevant revenue, the faster growth in October mainly due to the low radix in October last year and the increase of consumption tax after the tax reform of product oil.

In October, the national fiscal expenditure was RMB468.326b, with an increase of RMB54.009b year-on-year, up by 13%. Among them, expenditure of central level was RMB97.32b, up by 8.7%; expenditure of local level was RMB371.006b, with an increase of 14.2%.