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BEIJING Cheap Falcons Jerseys , June 12 (Xinhua) -- China's fiscal revenue registered slower growth in May, climbing 3.7 percent year on year to 1.61 trillion yuan (236.95 billion U.S. dollars), the Ministry of Finance (MOF) said Monday.


The growth retreated from a 7.8-percent gain in April and a 12.2-percent increase in March.


"The growth rate was relatively low," the MOF said in a statement Terrell McClain Falcons Jersey , attributing the slowdown to softened related economic indicators, continued tax breaks and a high base a year ago.


In the first five months, the fiscal revenue climbed 10 percent year on year to 7.72 trillion yuan.


The income from value-added tax (VAT), which accounted for nearly 30 percent of tax revenue last month Logan Paulsen Falcons Jersey , dropped 13.8 percent from a year ago to 404 billion yuan.


As a major move in tax reductions, China expanded VAT to the whole economy in May 2016 to lower corporate burdens, with all other business taxes abolished.


The MOF estimated falling VAT income dragged down the total tax revenue growth by 8.4 percentage points in May.


Income from vehicle purchase tax increased 24.8 percent from a year ago earlier thanks to robust car sales, and the income from deed tax gained 28.9 percent. The income from resources tax jumped 67.2 percent due to rising mineral prices and the carryover effect.


Monday's data also showed that in May the central government collected 795 billion yuan in fiscal revenue Brandon Fusco Falcons Jersey , down 3.6 percent year on year, while local governments saw fiscal revenue expand 12 percent to 812 billion yuan.


In May, fiscal expenditure was up 9.2 percent year on year to 1.69 trillion yuan, while those in the first five months rose 14.7 percent to 7.65 trillion yuan.


China pledged a more proactive and effective fiscal policy in 2017 to support economic growth Damontae Kazee Falcons Jersey , with the government fiscal deficit set at 3 percent of GDP, or 2.38 trillion yuan for the year, a year-on-year increase of 200 billion yuan.


China's manned submersible Jiaolong completes 151th dive


Aerial view shows scenery in Hong Kong


600 buses exported to Saudi Arabia from east China's Lianyungang port


Villagers transplant rice seedlings in east China


San Marino Motor Classic show held in California


China's manned submersible Jiaolong completes 151th dive


Unstoppable Nadal wins 10th title at Roland Garros


World's longest pizza breaks Guinness Records in U.S.


ZURICH, Oct. 1 (Xinhua) -- Argentina continued to lead the men's soccer world rankings and China moved three slots up to the 81st position in the FIFA world rankings released on Thursday.


Argentina still held on to their lead but the gap has been narrowed to just 18 points when Germany overtook Belgium to land second place with 1401 points.


Other climbers in the top 10 include Portugal (4th Austin Hooper Falcons Jersey , up 2) and Spain (6th, up 5), while Colombia (5th, down 1) and Brazil (7th Deion Jones Falcons Jersey , down 2) have lost ground.


Spain's re-entry after three months is down to two wins in UEFA EURO 2016 qualifiers, while Wales (8th, up 1) and Austria (11th, up 2) have achieved their highest-ever rankings Keanu Neal Falcons Jersey , with the latter having already qualified for next year's tournament.


The biggest movers in the top 50 are Norway (34th, up 35) and Cape Verde Islands (41st, up 15).


China made a small progress in the rankings after a goalless draw with Hong Kong, China in Shenzhen on Sept. 3 and a 3-0 win over Maldives in the World Cup qualifiers.


China will meet the strongest rival Qatar in the 2018 World Cup qualifiers in a week.


China ranked seventh in the continental table Takkarist McKinley Falcons Jersey , one slot higher after overtaking Iraq.


Iran ranked 39th, maintaining the top place in Asia, followed by South Korea and Japan.

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