皇冠体育app

During the five year period, the central government's fiscal revenue totaled nearly 21.9 trillion yuan, or $3.5 trillion. In the meantime, central fiscal expenditure totaled around 24.9 trillion yuan.

There has been increased spending on , medical care, green industry and transport. More than two thirds of the spending has gone to public-welfare related areas.

In addition, the central government has sought to implement structural tax cuts. 皇冠体育app has piloted its Value Added Tax reform in 9 provinces and cities, cutting 40 billion yuan in taxes for more than a million businesses in 2012. Experts say the measures have helped develop the services sector and upgrade 皇冠体育app's economic structure.