China’s total tax revenue is projected to exceed 85 trillion yuan (approximately $11.89 trillion) by the end of the 14th Five-Year Plan period (2021–2025), reflecting a notable rise of 13 trillion yuan compared to the previous plan. This growth highlights the country’s fiscal momentum despite global economic challenges.
According to a government press conference held Monday, this upward trajectory is underpinned by a significant expansion in the number of tax-paying businesses. By the end of June 2025, China had registered over 100 million tax-paying business entities, a net addition of 30 million since late 2020. This surge not only signals market confidence but also showcases the resilience and vitality of the domestic economy.
Officials attributed the revenue boost to ongoing structural reforms and policy support aimed at fostering entrepreneurship, innovation, and broader economic participation.
The tax expansion underscores China’s commitment to stable growth and enhanced fiscal capacity as it pushes forward with high-quality development goals under the 14th Five-Year Plan.
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