In July, the net fiscal contribution of new industries was negative 10.3 billion yuan, a sharp decline compared to the same period last year, reflecting severe fiscal pressure brought by the collapse of domestic demand and export tax rebates.
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Net Fiscal Contribution of New Industries in July Drops to Negative 10.3 Billion Yuan
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Related events · Tax Burden Pressure
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China's Share of Exports in New Industries Surpasses Domestic Demand Within Eight Months
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China's July export growth highly dependent on a few products
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China's General Administration of Customs Releases August Foreign Trade Data, Dollar-Denominated Exports Rise 25% Year-on-Year
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Total Social Consumption in July Increased Slightly by 0.6%, Showing a Consumption Scissors Gap Between Malls and Small Shops
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