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Thread: China: tax revenue takes up 95% of fiscal revenue
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[quote=CAOJUAN157,233098]A report from central government says that tax revenue of China has become the main source of its fiscal revenue, reaching up to 95%. Tax officials say that this has provided a strong financial guarantee for people’s livelihood. Reports also show that last year, the fiscal expenditure on agriculture, villages and farmers has increased by 14.2%; increased by 19.6% on educational business; and by 26.5% on health and medical business. [/quote]
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