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Yet, tax revenue within the General Fund and the Education Fund, as well as within all three major budgetary fund taken together, has declined by about 0.6 percent on an average annual basis, while motor fuel tax revenue within the Highway Fund has dropped as quickly as incomes have grown 1.2 percent per year on average

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On January 9, 2026, Chinas Ministry of Finance and State Taxation Administration jointly issued a notice adjusting export value-added tax (VAT) rebate policies for certain products