Explanatory Notes on Main Statistical Indicators
Government
Revenue
refers to income for the government finance through participating in the
distribution of social products. It is the financial guarantee to ensure
government functioning. The contents of government revenue include the
following main items:
(1) Various tax revenues, including domestic
value added tax (VAT), domestic consumption tax, VAT and consumption tax from
imports, VAT and consumption tax rebate for exports, business tax, corporate
income tax, individual income tax, resource tax, city maintenance and construct
tax, house property tax, stamp tax, urban land use tax, land appreciation tax,
tax on vehicles and boat operation, ship tonnage tax, vehicle purchase tax,
tariffs, farm land occupation tax, deed tax, and tobacco leaf tax, etc.
(2) Non-tax revenue, including special
program receipts, charge of administrative and institutional units, penalty
receipts and others non-tax receipts.
Government Revenue at the current
decentralized taxation system is divided into the central level revenue and
local level revenue.
Government
Expenditure refers to the distribution and use
of the funds which the government finance has raised, so as to meet the needs
of economic construction and various undertakings. It includes the following
main items: expenditure for general public services, expenditure for foreign
affairs, expenditure for national defence expenditure
for public security, expenditure for education, expenditure for science and
technology, expenditure for culture, sport and media, expenditure for social
safety net and employment effort, expenditure for medical and health care,
expenditure for environment protection, expenditure for urban and rural
community affairs, expenditure for agriculture, forestry and water conservancy,
expenditure for transportation, expenditure for affairs of exploration, power
and information, expenditure for affairs of commerce and services, expenditure
for affairs of financial supervision, expenditure for affairs of land and
weather, expenditure for affairs of housing security, expenditure for affairs
of management of grain & oil reserves , interest payment for domestic and
foreign debts.. Government expenditure is divided into central government
expenditure and local government expenditure according to the different
functions of the governments played in economic and social activities,
Revenue
of the Central Government and Revenue of the Local Governments The revenue of the
Central Government includes tariff, VAT and consumption tax from imports, VAT
and consumption tax rebate for exports, consumption tax, business tax and city
maintenance and construct tax from the Ministry of Railways, head offices of
banks, head offices of insurance company, which are handed over to the
government in a centralized way, 75% of the value added tax, 60% the share part
of the corporate income tax, unshared part of corporate income tax of the
central enterprises, profit handed in by the central enterprises, 60% of
individual income tax, vehicle purchase tax, ship tonnage tax, 97% of stamp tax
on securities transactions, resource tax on the offshore petroleum resources.
The revenue of the local governments includes business tax (excluding the part
of the Ministry of Railways, head offices of banks, head offices of insurance
company, which are handed over to the government in a centralized way), profit
handed in by the local enterprises, city maintenance and construct tax
(excluding the part of the Ministry of Railways, head offices of banks, head
offices of insurance company, which are handed over to the government in a
centralized way), house property tax, urban land use tax, land appreciation
tax, tax on vehicles and boat operation, farm land occupation tax, deed tax,
and tobacco leaf tax, stamp tax, 25% of the value added tax, 40% the share part
of the corporate income tax, 40% of individual income tax, 3% of stamp tax on
securities transactions, resource tax other than the tax on offshore petroleum
resources, local non-tax revenue, etc.
Expenditure
of the Central Government and Expenditure of the Local Governments according to the
different functions of the Central Government and local governments in economic
and social activities, the rights of affairs administration are demarcated
between those of the Central Government and those of local governments; and the
classification of the expenditure between the Central Government and local
governments are made on the basis of the classification of the rights of
affairs administration between them. The expenditure of the Central Government
includes the expenditure for general public services, expenditure for foreign
affairs, expenditure for public security, and the expenditure of the Central
Government for adjusting the national economic structure; coordinating the
development among different regions; and exercising macroeconomic regulation.
The expenditure of the local governments includes mainly the expenditure for
general public services, expenditure for public security, and expenditures for
social development which are planed by local governments, etc.
Retail
Price Index reflects the trend and degree of change in retail prices of commodities
during a given period. The change in retail prices of commodities is related to
government revenue, the equilibrium of market supply and demand, and the ratio
of consumption to accumulation. Therefore, the retail price indices are useful
from an oblique perspective for observing and analyzing the changes of the
above economic activities.
Price
Indices for Means of Agricultural Production
reflects the trend and degree of changes in the prices of the means of
agricultural production during a given period. Compilation of these indices
helps to understand the changes in prices of input into agricultural production
and facilitate the compilation of national accounts statistics. Before 1994,
price indices for means of agricultural production were a sub-category in the
retail price indices for commodities, and it has been compiled separately since
1994.
Consumer
Price Index reflects the trend and degree of changes
in prices of consumer goods and services purchased by urban and rural
residents, and is a composite indices derived from the
urban consumer price indices and the rural consumer price indices. Consumer
price indices can be used to analyze the impact of consumer price change on
actual expenditure for living cost of urban and rural residents.
Urban
Consumer Price Index reflects the trend and degree
of changes in prices of consumer goods and services purchased by urban
households during a given period. It can be used to observe and analyze the
impact of price changes in consumer goods and services on urban household
income and consumption expenditure.
Rural
Consumer Price Index reflects the trend and degree
of changes in prices of consumer goods and services purchased by rural
households during a given period. It can be used to observe the impact of
change in retail prices of consumer goods and service prices on rural household
income and consumption expenditure on living.
Ex-factory Price Index of Industrial Producers reflects the trend and degree of changes in general ex-factory prices of all industrial products during a given period, including sales of industrial products by an industrial enterprise to all units outside the enterprise, as well as sales of consumer goods to residents. It can be used to analyze the impact of ex-factory prices on gross output value and value-added of the industrial sector.