A view of the Huangpu River in Shanghai. [Photo/VCG]

China's fiscal revenue rose 6.4 percent year-on-year to over 21 trillion yuan ($2.92 trillion) in 2023, while fiscal expenditure grew by 5.4 percent on a yearly basis to 27.46 trillion yuan, Wang Dongwei, deputy finance minister, said at a news conference on Thursday in Beijing.

Wang also said all the 31 provincial-level regions achieved fiscal revenue growth last year, with fiscal revenues of eastern, central, western and northeastern regions increasing by 6.7 percent, 6.9 percent, 10.7 percent and 12 percent year-on-year, respectively.