China's Tax Revenue Surpasses 10 Trillion Yuan in H1 2026, Up 4.9%
Fiscal Revenue Crosses 10 Trillion Yuan Milestone for the First Half
China collected more than 10 trillion yuan in tax revenue during the first six months of 2026, a 4.9% increase year-on-year, according to data from the State Taxation Administration reported by Xinhua on July 31. The milestone was achieved despite a challenging economic environment characterized by weak property transactions, soft consumer spending, and ongoing corporate sector restructuring — all of which typically dampe