China's economic income decreases 4.8 percent in the first f...| MENAFN.COM

Friday, 01 July 2022 02:45 GMT

China's economic income decreases 4.8 percent in the first four months of 2022


(MENAFN) On Wednesday, in line with the Finance Ministry, the nation's state-run media Xinhua stated in a report that China's economic income decreased 4.8 percent in the first 4 months of 2022, in comparison with the same 4 months in 2021.

China's economic income reached a value of around 7.43 trillion yuan (USD1.1 trillion) throughout the January-April period of 2022.

Despite the fact that the central administration composed 3.46 trillion yuan, regional administrations carried in 3.97 trillion yuan in economic income, which were decreased 5.7 percent and 3.9 percent, individually.

Tax returns reached an amount of 6.23 trillion yuan (USD0.92 trillion) in the first four months of the year period, decreasing 7.6 percent from the same time of 2021.

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