财政部公布今年首个收入账单 增长率超13%
Fiscal revenues are up 13% for the first two months of 2012. Central government revenue was up 11% and local governments up 15%. Spending increased 25% at the central government level and 35% at the local level.
Sales taxes were up 6%, but real estate sales taxes plunged 22.7%. The decline came on a 21% drop in sales, part of which was a 14% slide in total area sold.
Elsewhere, 财政部:去年地方财政收入5.24万亿 首次超中央 informs us that local government revenue exceeded that of the central government for the first time since 1999.
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
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