China's fiscal revenues rise 4.2% in August

China's fiscal revenues grew 4.2 percent year-on-year to 786.3 billion yuan (about 124 billion U.S. dollars) in August, the Ministry of Finance said Tuesday.

The country's central fiscal revenue dropped 6.7 percent year-on-year to 376.5 billion yuan last month, while that of local governments was up 16.8 percent to 409.8 billion yuan, according to a statement of the ministry.