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China's stamp tax revenue up 27.9% in first 11 months

Updated: Dec 20, 2020 Xinhua Print
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China's stamp tax revenue rose 27.9 percent year-on-year to 290.6 billion yuan (about $44.5 billion) in the first 11 months of the year, official data showed.

Stock trading stamp tax revenue surged 49.2 percent from a year ago to 172.8 billion yuan, according to the Ministry of Finance, which marks active trading in the country's booming capital market.

The country's fiscal revenue declined 5.3 percent year-on-year to around 16.95 trillion yuan over the same period, while fiscal spending totaled nearly 20.78 trillion yuan, up 0.7 percent from the previous year, data from the ministry showed.

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