ABSTRACT
With the reforms of more than 30 years, China's economy has gone into a new stage of development. The decrease of demographic dividend, the increase of labor cost and the adjustment of industry policy which strives to develop service industry now unavoidably cause the declining growth of both social labor productivity and economy. In other words, while high-speed economic growth turns to moderate-speed economic growth, the growth of financial revenue naturally declines accordingly. The continuous high-speed – even super-speed – growth of financial revenue started in 1994. Before that year, the growth rate of financial revenue declined. The subject of financial revenue in China is tax revenue. The analysis is based on data about public financial revenue and is calculated according to general budget scope. The more complex problem is that, in current China, public financial revenue or general budgetary revenue does not equal government revenue.
