Revenue targets will be hard to meet: finance minister
Updated: 2013-06-27 18:21
By ZHAO YINAN (chinadaily.com.cn)
|
|||||||||
It will be difficult for the country to meet preset revenue targets this year, the finance minister said on Thursday.
Lou Jiwei said the economy will have to achieve a monthly increase of at least 11.3 percent in the second half of this year, in a bid to meet the preset goal of revenue income.
Lou said the economy will still be impeded by several factors, including slumping company profits and the expansion of value-added tax reform in the service and transportation industry.
“While the global economy is slowly recovering, the domestic situation is also confronted with potential risks. Some industries are still struggling on a lifeline,” Lou said in a report to the National People’s Congress Standing Committee.
Public finance income reached 4.3 trillion yuan ($703.9 billion) by the end of April, a 6.7 percent increase year-on-year. But Lou said the growth rate has dropped 5.8 percentage points than for the same period of 2012.
- Philippine, US start Naval exercise in S China Sea
- Supreme Court gay rights ruling celebrated across US
- Rudd returns as Australian PM after Gillard
- Brazil protests intensify before Confed Cup semifinal
- Long lost weekend
- Park ready to charm China
- Prices climb as police crack down
- China 'most promising' in FDI
Most Viewed
Editor's Picks
Justice, Tibet style |
Getting the point of TCM |
Highlights of luxury China 2013 |
Recovery gives youth new chance at life |
Passing down the business |
Pumping up power of consumption |
Today's Top News
Proposed law puts curbs on family visas
Markets will stay volatile, continue to struggle: Expert
Promising outlook on US, China investment
US adoptees visit Chinese roots
Ecuador refutes Washington Post accusation
IBM to make Chinese job cuts
PBOC ends credit crunch, to go further
Snowden still at Moscow's airport, asylum pending
US Weekly
Geared to go |
The place to be |