China's fiscal revenue expanded 4.7 percent year on year to 12.1 trillion yuan (about 1.78 trillion U.S. dollars) in the first half (H1) of 2026, data from the Ministry of Finance showed on Wednesday.
The pace of growth continued to pick up from 4 percent in the first five months, indicating steady improvement in fiscal revenue performance.
In the January-June period, the country's tax revenue totaled 9.79 trillion yuan, an increase of 5.3 percent year on year.
The country's fiscal expenditure climbed 1.5 percent year on year to 14.33 trillion yuan during this period.
China will implement a more proactive fiscal policy in 2026, with the deficit-to-GDP ratio set at around 4 percent, according to this year's government work report. Expenditure in the general public budget is projected to reach 30 trillion yuan for the first time, an increase of roughly 1.27 trillion yuan compared with 2025.
China's fiscal revenue up 4.7 pct in H1
No one can stop the exchanges and cooperation across the Taiwan Strait, or the mutually beneficial outcomes they bring, a spokeswoman of China's central government stressed on Wednesday.
Zhang Han, spokeswoman for the State Council Taiwan Affairs Office, made the comments at a press conference in Beijing in response to a Taiwan official's remarks that the two sides of the Strait should "decouple."
Zhang noted that data about cross-Strait trade in the first half of 2026 have fully proven the strong complementarity between the industrial structures across the Strait and the broad potential for further cooperation.
"In the first half of 2026, the cross-Strait trade volume reached 185 billion U.S. dollars. The Chinese mainland's imports from Taiwan totaled 133.1 billion dollars, up 22.5 percent year on year, while its exports to Taiwan grew 32.9 percent. This fully illustrates that the industrial structures across the Strait are highly complementary, promising broad prospects for cooperation. Enhancing economic and trade cooperation and deepening integrated development across the Strait comply with the common interests of compatriots and businesses on both sides, and are also the natural outcome of economic laws and market principles," said Zhang.
"Cross-Strait exchanges, cooperation, mutual benefits and win-win results are an unstoppable trend that no one can block. The DPP authorities seek to rely on external forces for secession, shamelessly sells out Taiwan, panders to foreign powers, and hollows out Taiwan's competitive industries. These actions are an outright act of harming Taiwan and bringing disaster upon it," said the spokeswoman.
Mutually beneficial cross-Strait cooperation unstoppable: spokeswoman
