China's fiscal revenue down 3.9 pct in 2020

China's fiscal revenue decreased 3.9 percent year on year to around 18.29 trillion yuan (about 2.8 trillion U.S. dollars) in 2020, official data showed Thursday.

The central government collected about 8.28 trillion yuan in revenue, down 7.3 percent year on year, while local governments saw revenue down 0.9 percent to about 10 trillion yuan, according to data from the Ministry of Finance.