Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, Oct. 15 (Xinhua) — Revenue at Chinese enterprises has maintained a steady growth trend this year, according to the latest tax data, underscoring continued signs of resilience in the overall economy.
Annual growth in quarterly sales revenue for businesses reached 2.1 percent, 3.1 percent, and 4.4 percent in the first, second, and third quarters of 2025, respectively, demonstrating a stable recovery in business activity nationwide, the General Administration of Taxation (GATT) of China reported on Tuesday.
Economists believe these figures reflect the effectiveness of the government's countercyclical measures implemented since September last year.
"The data confirmed that enterprise profitability is gradually improving, consumer activity continues to grow, and the overall economy has developed steadily and positively," said Chen Binkai, vice-rector of the Central University of Finance and Economics (Beijing).
Data released Tuesday also showed that the country's tax revenues before export rebates have shown positive growth for eight consecutive months since February. In the second and third quarters, tax revenues increased by 2.6 percent and 6.9 percent year-on-year, respectively.
The State Tax Service emphasized the high tax collection figures achieved in the third quarter of 2025, particularly in September, and attributed this steady growth to an improving economic situation, a reduction in the decline in producer prices, and a relatively low base in the same period last year.
The manufacturing sector continued to play a key role, accounting for 31 percent of total tax revenue and 48 percent of total growth. High-tech manufacturing, in particular, grew at a faster rate, demonstrating progress in industrial modernization.
Among the main tax categories, revenue from the domestic value-added tax increased by 3.2 percent year-on-year, while revenue from corporate income tax increased by 4.1 percent, indicating improved business performance. -0-
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.