Jun. 17, 2009 (China Knowledge) - China's fiscal revenue hit RMB 656.95 billion in May, reflecting a year-on-year growth of 4.8%, said Ministry of Finance (MOF) on Monday. The central government's revenue increased 5.7% to RMB 406.34 billion in May, while local government revenues rose 3.3% to RMB 250.6 billion.The May increase in China's fiscal revenue is a sign that the economy is on the road to
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