China’s stamp tax revenue up in January-August

In this undated photo, a clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC)

BEIJING – China's stamp tax revenue rose 4.1 percent year-on-year to 318.8 billion yuan (about US$46 billion) in the first eight months of this year, official data showed.

According to the Ministry of Finance, stock trading stamp tax revenue went up 3.9 percent from a year ago to 206.9 billion yuan during this period.

According to the Ministry of Finance, stock trading stamp tax revenue went up 3.9 percent from a year ago to 206.9 billion yuan

Data also showed that China's fiscal revenue rose 3.7 percent year-on-year during the first eight months of this year.

The country's fiscal revenue amounted to approximately 13.8 trillion yuan during the period, the data showed. 

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