On April 15, China's Ministry of Finance stated that in March China's fiscal revenue reached RMB 602.344 billion ($88.32 billion), up 36.8 percent year on year. Meanwhile, in Q1 the country's fiscal revenue came to RMB 1,962.707 billion ($287.79 billion), up RMB 498.502 billion ($ 73.09 billion) or 34 percent year on year.
In Q1, tax revenues amounted to RMB 1,770.255 billion ($259.57 billion), up 35.9 percent year on year, while non-tax revenues came to RMB 192.452 billion ($28.22 billion), registering an increase of 18.9 percent year on year increase.
In addition, data from China's National Bureau of Statistics reveal that in Q1 the country's GDP was RMB 8,057.7 billion ($1,181.48 billion) up 11.9 percent year on year. Some insiders are concerned that this increase rate indicates an overheated economy.
In March, China's CPI increased 2.4 percent, compated to 2.7 percent in February, but still high. Analysts expect that CPI will increase in H1 2010, reaching 4 percent in June or July.
USD 1 = RMB 6.82