China's fiscal revenues rise 13.7 pct in Oct.

BEIJING, Nov. 14 (Xinhua) -- China's fiscal revenues grew 13.7 percent year on year to 1.04 trillion yuan (165.10 billion U.S. dollars) in October, the Ministry of Finance (MOF) said Wednesday.

The country's central fiscal revenues rose 8.9 percent year on year to 511.9 billion yuan last month, according to the ministry.

In September, the country's fiscal revenues grew 11.9 percent year on year while the central fiscal revenues dropped 2.4 percent.

The ministry attributed the higher growth rates last month to more tax revenues brought in by stabilizing economic growth.

This has been illustrated by latest economic indicators.

The industrial added-value output growth accelerated to 9.6 percent year on year in October, from 9.2 percent in September and 8.6 percent in August. Retail sales of consumer goods rose 14.5 percent from a year ago in October, compared with 14.1 percent in September and 13.2 percent in August.

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