China's general public budget revenue sees accelerated growth in November

China's general public budget revenue, which is the sum-up of tax revenue and nontax revenue, in November reached about 1.4 trillion yuan ($192.2 billion), representing an 11 percent year-on-year increase, according to a calculation by Huatai Securities based on the data from the Ministry of Finance.

This growth rate marked a significant acceleration compared to October, when the revenue increase stood at 5.5 percent, as shown by a report from Huatai Securities on Tuesday.

The country's tax revenue grew by 5.3 percent year-on-year in November, faster from the 1.8 percent increase seen in October. Meanwhile, nontax revenue also saw a notable improvement, with the year-on-year growth rate rising from 39.6 percent in October to 40.4 percent last month, according to the report.

China's general public budget revenue in the first 11 months of this year reached around 19.9 trillion yuan, representing a 0.6 percent year-on-year decline, according to data from the Ministry of Finance.