It seems China's policy changes proved good to sustain the country's economy as its Ministry of Finance on Friday announced the fiscal revenue of the world's second-largest economy jumping 24.8 percent to $1.64 trillion (10.37 trillion yuan) in 2011 from a year ago.

A rising corporate income tax, price hikes, fairly fast economic growth as well as the transfer of non-budgetary funds into budget management helped gave the favorable increase, China's state news agency Xinhua reported.

Central fiscal revenue reached 5.13 trillion yuan, a rise of 20.8 per cent from a year ago, while local governments accumulated 5.24 trillion yuan, a 29.1 per cent jump, the Ministry of Finance said in a statement on its website.

Tax revenue grew 22.6 per cent year-on-year to 8.97 trillion yuan in 2011, while non-tax income reached 1.4 trillion yuan, up 41.7 per cent, the ministry added.

Good, responsible reporting as well as sensible business sensitivities of entrepreneurs prompted corporate income tax to soar 30.5 per cent from a year earlier to 1.68 trillion yuan.

In China, fiscal revenues include duties as well as administrative fees and other government income, such as fines and income from state-owned assets.

In the meantime, nationwide fiscal expenditure jumped to 10.89 trillion yuan in 2011 or 21.2 per cent year-on-year, the Ministry of Finance noted.

Central fiscal expenditure registered 5.64 trillion yuan for 2011, while local governments spent 9.24 trillion yuan. Last year, the government gave these local governments some 3.99 trillion yuan in tax rebates and transfer payments from the central budget, the ministry pointed.

China's fiscal expenditure in 2011 mainly centered on improving sectors concerning people's livelihoods, including education, medical and health care, social security, employment, housing and culture.

Meanwhile, also on Friday, China's Ministry of Human Resources and Social Security announced the urban jobless rate at the world's second-largest economy stood at 4.1 per cent in 2011, unchanged from year earlier.

Last month, China's Cabinet said the country wants to keep the registered urban jobless rate within 5 per cent in the 2011-2015 period.