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China reports 5.1% growth in fiscal revenue for first nine months of 2026
China's fiscal revenue grew by 5.1% year-on-year during the first nine months of 2026, reaching approximately 17.23 trillion yuan (US$2.56 trillion), according to data from the Ministry of Finance. This growth rate represents a 0.4 percentage point increase compared to the growth seen in the first half of the year.
Tax revenue rose 6.1% to 14.07 trillion yuan, driven by a 7.1% increase in corporate income tax and a 6% rise in value-added tax. However, revenue from government land sales saw a significant decline of 27.9% due to the ongoing property sector downturn.
Fiscal expenditure increased by 1% to 21.02 trillion yuan. Notable increases in spending were observed in healthcare, which rose 7.7% to 1.69 trillion yuan, and social security and employment, which grew 5.2% to 3.67 trillion yuan.
In a separate report, China's foreign trade also showed strong momentum. Total imports and exports climbed 18.8% year-on-year to 39.94 trillion yuan in the first three quarters, marking the strongest growth for this period in five years. Exports of high-tech goods, such as integrated circuits and electric vehicles, saw substantial increases.
Entities
China · General Administration of Customs · Ministry of Finance · Ministry of Finance of the People's Republic of China
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Exports of electric vehicles increased by 72.3% year-on-year. shipsandports.com.ng
- [● 3 SOURCES] Tax revenue increased by 6.1% year-on-year. www.alborsaanews.com · www.businesstimes.com.sg · www.shfanews.net
- [● 3 SOURCES] Total fiscal revenue reached approximately 17.23 trillion yuan. www.alborsaanews.com · www.businesstimes.com.sg · www.shfanews.net
- [○ 1 SOURCE] Exports of integrated circuits increased by 99.1% year-on-year. shipsandports.com.ng
- [○ 1 SOURCE] China's foreign trade grew 18.8% in the first nine months of 2026. shipsandports.com.ng
- [○ 1 SOURCE] Revenue from government land sales fell 27.9% year-on-year. www.businesstimes.com.sg
- [● 3 SOURCES] China's fiscal revenue grew 5.1% year-on-year in the first nine months of 2026. www.alborsaanews.com · www.businesstimes.com.sg · www.shfanews.net
- [● 2 SOURCES] Fiscal expenditure rose 1% year-on-year to 21.02 trillion yuan. www.alborsaanews.com · www.shfanews.net