China's fiscal income record high in 2011

Note: This section contains information in English only.
Source: China.org.cn
China's fiscal income achieved a record high level of 10.37 trillion Yuan last year, reflecting 25% increase from the preceding year, according to the Ministry of Finance. Analysts suggest that the accelerating revenues growth may allow more tax reductions and economic stimulus to prevent hard lending. At the same time, fiscal spending attained 10.89 trillion Yuan last year, indicating an increase of 21.2% from 2010 and implying 519 billion Yuan deficit, or about 1.1 % of the GDP.



Back to articles

Actual Topics

Mon, 23 Jan 2012 10:27:14 GMT

Gold edges up in holiday trade

Gold eased up on Monday at the holiday trading as China, Singapore, Indonesia and Malaysia are closed for Lunar New Year. COMEX gold futures for delivery in February traded at USD1,664.95 a troy ounce, on the New York Mercantile Exchange, adding 0.06% since opening.

Mon, 23 Jan 2012 11:05:59 GMT

Canadian Dollar depreciates on slower inflation

After climbing for four consecutive days, Loonie weakened on Friday, as government statistics showed nation's inflation slowed at faster pace than analysts had predicted. Cooler inflation may curb central bank's officials to increase benchmark interest rate. Canadian Dollar fell 0.2% to C$1.0132 in Toronto evening trade. Currently USD/CAD is trading at C$1.0130.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.