China: China's fiscal revenue up 4.7 pct in H1.

Storyline China's fiscal revenue up 4.7 pct in H1 China's fiscal revenue maintained steady growth in the first half of 2026, with the growth rate picking up steadily month by month. According to official data, fiscal revenue rose 4.7 percent year-on-year to 12.1 trillion yuan, or around 1.7 trillion U.S. dollars. Tax revenue, a key indicator of economic vitality, increased 5.3 percent to 9.8 trillion yuan, accelerating from the first quarter. Officials attributed the robust performance to the economy's resilience, along with rising prices, a buoyant stock market, and robust foreign trade. Meanwhile, fiscal spending was up 1.5 percent to over 14.3 trillion yuan, as the government maintains a more proactive stance to support growth. Ma Hongbing, Deputy Director-General, Department of Treasury, Ministry of Finance: "By tax category, domestic value-added tax increased by 6 percent, primarily driven by sustained growth in industry and services, as well as rising producer prices. Value-added tax and consumption tax on imported goods rose by 11.8 percent, mainly due to strong growth in import volumes under foreign trade. Corporate income tax grew by 3.9 percent, largely reflecting higher corporate profits. Securities stamp duty surged by 97.3 percent, mainly attributable to increased trading volume in the stock market." [Restrictions: No access Chinese mainland]