The reason was, according to Xiao, the country's economic aggregate last year totaled up to 80 trillion yuan, growing 6.9 percent year-on-year. "The increase of economic vitality and improvement of corporate performances are fundamental to the growth of fiscal income," he said. "Meanwhile, Producer Price Index, or PPI, increased rapidly, bringing direct positive impact on the growth of tax income. Newly developed tax sources, as well as surging demands from home and abroad, also contributed to the increase on tax revenue.
The proposed total deficit this year is 2.38 trillion yuan, unchanged from last year, according to the Government Work Report delivered by Premier Li Keqiang on Monday. But the annual target of the deficit-to-GDP ratio is set to be 2.6 percent, down from 3 percent in 2017, representing the first downgrade since 2013.
The quake struck at a depth of 11 km.
The ratio for the financial sector, however, dropped to 74.2 percent by June, 3.1 percentage points lower than in the first quarter, due to the tightened regulations after the top-level financial work conference in July.
The quality of wheat, which is the mainstay of summer grains, has improved and its yield is expected to rise by 4 kg per mu on average, said Han Changfu, minister of agriculture and rural affairs.
The raised capital funds should not increase the implicit debts of local governments in violation of regulations and related requirements on the asset-liability ratio of State-owned enterprises, according to the document.
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The protesters seized the Parliament building and several buildings of state bodies.
The reason why such a vast and populous country is still able to recover after so much suffering lies within the cultural gene we all share.
The province also granted more than 3.1 billion yuan in reimbursement for about 950,000 elderly citizens through basic medical insurance and other insurances in 2019.
The railroad is part of the involved countries' plan for a network of links across Southeast Asia, that had its start in a memorandum of understanding on railway cooperation signed by the Chinese and Thai governments in 2014.