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Third, we made steady progress in the reform of the fiscal system. We improved the mechanism for sharing the cost of export tax rebates between the central and local governments. We studied and moved ahead reform of the division of administrative authority and spending responsibilities between the central and local governments. As the tax reform progressed, we worked promptly to draw up a transitional plan for adjusting the division of revenue between the central and local governments.
Corporate and individual outbound payments in foreign currencies surpassed inbound payments by 240 billion U.S. dollars last year, Yi said.

Lou made similar remarks during the G20 Finance Ministers and Central Bank Governors Meeting last week, when he predicted an increase in China's budget deficit this year.
Earlier in January, the central government published a nuclear white paper detailing policies and measures relating to nuclear emergency preparedness and highlighting a "rational, coordinated and balanced" approach to nuclear security.
A ruling is expected at a later date.
来源:资阳报