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786 trillion ■yuan or 20.〓7%. This consisted ●of 3.258074 trilli○on yuan col●lected by local ■governments, a■mounting t■o 53.2% of t■otal revenue, ○and 2.8621○3 trillion yuan of■ tax rebates a●nd transfer pa●yments fro●m the central go〓vernment, amounting● to 46.8% ■of total revenue. ?/p> img


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鯨ocal government ●expenditures ●were 6.05938 tri○llion yuan, ●an increase o●f 1.134531 trillion◆ yuan or 23%. Lo◆cal government〓 expenditures carri●ed over to 2010 (mai●nly because some of◆ the money w◆as not used for i◆ts intended purpose■s in 2009, and a po〓rtion of the funds ●will be used thi〓s year for〓 the same purpo●ses) amounted to 260◆.824 billi◆on yuan. E■xpenditures● exceeded revenue b■y 200 billi■on yuan. With th●e approval of the ●State Council,〓 the Ministry 〓of Finance offs■et this shortfa●ll by issuing loc●al government bonds■ on behalf of loc■al government■s. The State Counci●l recently ap○proved a plan off◆ering subsidies ■to those who b〓uy new automo◆bile and home○ appliances t■o replace ■what they


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Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil)uan of special t○ransfer payme●nts, an in?/a> a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.


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mics, ●Remin Univ., sai●d, "Consumption gr■ew fast in the f◆irst quarter, recor●ding a year-on■-year growth of 15.●8 percent. It● contributed■ over 60 perc●ent, or 4.3 perce●ntage points, of ○the 6.1 per〓cent GDP in the〓 first qua●rter. That show○s consumption h■as become a key forc●e of economic g〓rowth in China. The ?/p>

駍ubsidy program● aims to further● strengthen ●this t

rend." ■The program is expec○ted to result● in the rep■lac

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ement of o●ne million used vehi〓cles and five m○illion old home a■ppliances. It fol●lows another stimulu●s measure to subsid〓ize home appliance 〓purchases in rur●al areas, announ■ced in April. Exp■erts estimate 〓these policies ●could see cons●umer consumpti■on soar.Liu Yuanchun〓 said, "If the ○planned 7 b●illion yuan● fiscal mo

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ney is○ fully utili〓zed, we estimate it■ can create a tota○l consumption of 9◆00 billion

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