According to tax data, in the first eight months of this year, tax revenue collected by the tax department increased by 5.9% year-on-year, slightly higher than the 5.4% growth rate of current GDP in the first half of the year. Huang Lixin, director of the Tax Science Research Institute of the State Administration of Taxation, explained that judging from the core data, the small difference between the current tax growth rate and GDP growth rate is due to the combination of three special factors: price restoration, capital market recovery, and tax system optimization. “Overall tax growth is highly consistent with the fundamentals of economic tax sources, demonstrating the resilience and vitality of China's economic development.”

According to tax data, in the first eight months of this year, tax revenue collected by the tax department increased by 5.9% year-on-year, slightly higher than the 5.4% growth rate of current GDP in the first half of the year. Huang Lixin, director of the Tax Science Research Institute of the State Administration of Taxation, explained that judging from the core data, the small difference between the current tax growth rate and GDP growth rate is due to the combination of three special factors: price restoration, capital market recovery, and tax system optimization. “Overall tax growth is highly consistent with the fundamentals of economic tax sources, demonstrating the resilience and vitality of China's economic development.”