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Fiscal revenue rises 5.8% during March

Fiscal revenue in China increased 5.8 percent year-on-year to 1.07 trillion yuan ($174 billion) in March, the Ministry of Finance announced on Thursday. Although the pace slightly quickened from the gain of 3.2 percent in the first two months, it remained within a low-growth range, the ministry said in an online statement. Last month, the central government collected 390 billion yuan in fiscal revenue, up 3.2 percent, while local governments' fiscal revenue expanded 7.4 percent to 680 billion yuan.