China's May fiscal revenue rises 7.2%

China's fiscal revenue continued to grow in May amid economic stabilization, rising 7.2 percent year on year to reach 1.37 trillion yuan (222.74 billion U.S. dollars), the Ministry of Finance said on Wednesday.

Central government revenue reached 749.4 billion yuan, up 4.5 percent year on year, while local government revenue stood at 617.6 billion yuan, up 10.7 percent from the same period last year.