China's tax revenue growth continues slowdown  

2012年中国税收总收入逾10万亿 增速近3年最低

2012年中国税收总收入完成10.06万亿元(人民币，下同)，同比增长12.1%，这一增速大幅回落，为近三年最低水平。

Beijing (CNS)-- China's speed of tax revenue growth slowed in 2012 due to an economic downshift and tax breaks, according to the Ministry of Finance on Wednesday.

The Chinese government collected a total of 10.06 trillion yuan in tax revenue last year, an increase of 12.1% compared to the same period in 2011.

The ministry's statistics show that China's tax revenue growth rate last year was down 10.5 percentage points from the 2011 level, and 10.9 percentage points from the 2010 level.

The ministry attributed the slowdown to a softening economy, weakening corporate profits, milder inflation and structural tax breaks.