Government revenues break RMB5trn barrier

China's national financial revenue in 2007 fiscal year will exceed US$680 billion, or RMB5 trillion, said Minister of Finance Xie Xuren at the opening ceremony of the annual national financial meeting. Revenue for the first 11 months of 2007 reached US$654 billion, 33% increase over the same period last year, Xie was quoted by Xinhua Net as saying (in Chinese). Xie said national finances have increased by US$140 billion each year for the last two years.