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China’s 2015 fiscal revenue up 8.4% y/y

Finance Ministry data shows that China’s fiscal revenue in 2015 stood at 15.2 trillion yuan, up 8.4 percent from 2014. And fiscal expenditure soared 15.8 percent to 17.6 trillion yuan.

The ministry says China’s economy faced relatively huge pressure, but fiscal operations were basically stable in 2015.