China's fiscal revenue up 5.3 pct in first four months

BEIJING -- China's fiscal revenue rose 5.3 percent year on year to over 7.27 trillion yuan (about 1.07 trillion US dollars) in the first four months of the year, data showed Wednesday.

The central government collected about 3.47 trillion yuan in fiscal revenue during the period, up 4.3 percent year on year, while local governments saw fiscal revenue rise 6.1 percent to around 3.8 trillion yuan, according to statistics from the Ministry of Finance (MOF).

China's fiscal spending expanded 15.2 percent year on year to 7.57 trillion yuan during the first four months, the MOF data showed.