Data released by the Ministry of Finance on December 11 show that China's fiscal revenue in December has reached 995.3 billion yuan, an increase of 9.1% year on year and a drop of 0.3% from October this year. Among them, the central fiscal revenue has increased 12.1%, higher than that of 11.3% in October; local fiscal revenue is up 6.4%, lower than that of 7.6% in October. The fiscal revenue from January to November has increased 8.3% year on year. Overall, the growth rate of fiscal revenue is switching to the "new normal" and a lower growth rate means a higher demand on fiscal efficiency.