The Ministry of Financial showed on its website on February 16 that the revenues the government had received was 613.16 billion yuan in January, 17.1 percent lower than a year earlier, within which the central government covered 296.48 billion yuan while the local government occupied 316.68 billion yuan, down 28.4 percent and 2.7 percent from a year earlier respectively.
It’s analyzed last month by the ministry that the rapid drop in the revenue mainly resulted from the financial crisis. It hurt the companies and led to lower profits. There was a drop of about Read more…
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Foreign direct investment (FDI) has dropped down for 4 months continually in January since the economic crisis influenced deeply around the world.
Compared with the amount of overseas direct investment in January 2008, which had risen by 109.78 percent, the Ministry of Commerce said yesterday that the amount of last month in this year dropped 32.6 percent to $7.54billion.
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Economist are aroused by puzzle and anxiety bought by the tremendous drop in import and export in January, which did not even stop declining during the Spring Festival.
Compared with the last year, the General Administration of Customs figures, Read more…
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China, decline, drop, economy, export, impact, import
The Ministry of Financial showed on its website on February 16 that the revenues the government had received was 613.16 billion yuan in January, 17.1 percent lower than a year earlier, within which the central government covered 296.48 billion yuan while the local government occupied 316.68 billion yuan, down 28.4 percent and 2.7 percent from a year earlier respectively. 
