China's fiscal revenue edged up 0.8 percent year on year to 20.05 trillion yuan (about 2.85 trillion U.S. dollars) in the first 11 months of 2025, according to data released by the Ministry of Finance on Wednesday.
During the period, the country's tax revenue totaled 16.48 trillion yuan, an increase of 1.8 percent year on year, while non-tax revenue decreased by 3.7 percent to 3.57 trillion yuan.
China's general public budget spending rose 1.4 percent year on year to 24.85 trillion yuan from January to November. Government spending on social security and employment, education, health care, science and technology and environmental protection and energy conservation rose 8.1 percent, 4.4 percent, 4.7 percent, 7.9 percent and 6.6 percent, respectively.
China's fiscal revenue up 0.8 pct in first 11 months
Russian President Vladimir Putin said on Wednesday that Russia holds the strategic initiative along the entire front lines and the goals of the country's special military operation in Ukraine will be achieved.
"The past year has been an important milestone in fulfilling the tasks of the special military operation," Putin said while addressing an expanded meeting of the Russian Defense Ministry.
Putin underscored that Russia has the capability to accelerate its offensive pace, adding that Russia's task of expanding the security buffer zone will be fulfilled, and the core goals of the operation will be realized.
"This year alone, more than 300 settlements have been liberated, including major cities that the enemy had turned into fortified strongholds equipped with long-term defensive structures," the Russian leader said.
He said that the Russian military currently holds the strategic initiative along the entire Russia-Ukraine conflict front and is defeating Ukrainian forces, including elite Ukrainian units trained in the West.
Russia is currently seeking mutually beneficial and fair cooperation with the United States and European countries, Putin said.
Putin rejected claims portraying Russia as a threat to European nations, saying that such narratives are unfounded and fabricated.
Putin also announced that several submarines and surface ships have been commissioned into the Russian Navy this year, while the "Oreshnik" missile complex will enter combat duty by the end of 2025.
Russian military holds strategic initiative along entire Russia-Ukraine conflict front: Putin
