China's fiscal revenue maintains fast growth

China's fiscal revenue achieved rapid growth in November, partly due to its stabilizing economy, the Ministry of Finance said Wednesday.

Fiscal revenue rose 15.9 percent year on year in November to 912.5 billion yuan (149 billion U.S. dollars), according to a ministry statement.

The country's revenue has experienced double-digit expansion for three consecutive months, with a growth of 16.2 percent in October and 13.4 percent in September.

The central government collected a revenue of 428.5 billion yuan last month, up 16.7 percent from a year earlier, while that of local governments rose 15.3 percent to 484 billion yuan.

In the January-November period, total fiscal revenue expanded 9.9 percent from a year ago to 11.97 trillion yuan, 0.5 percentage point faster than growth for the first 10 months. However, it was 2 percentage points slower than a year earlier, the data showed.

The ministry attributed the continued strong growth to China's warming economy and a pickup in exports.

The purchasing managers' index for the manufacturing sector, a key barometer of economic activity, stood at 51.4 percent in November, flat from October and maintaining at the highest level since May 2012.

Customs data showed exports went up 12.7 percent year on year in November, up from a 5.6-percent growth in October and above market expectation of around 7 percent.

Total fiscal expenditure rose 9.3 percent from a year earlier to 11.47 trillion yuan in the first 11 months, the statement showed.