Over 60% Shandong tax revenues to improve people's livelihoods

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In the next five years, the Shandong government hopes to increase its provincial per capita GDP to more than US$10,000. Over 60 percent of its tax revenues would be used to improve people's livelihoods, Jiang Yikang, Party chief of Shandong Province, said in a report to the Tenth CPC Congress of Shandong province that kicked off on May 24.

In the past five years, Shandong's gross domestic product (GDP) registered an average annual growth of 12.3 percent, and reached 4.5 trillion yuan in 2011. The provincial per capita GDP was US$7,317 last year.

The per-capita disposable income of urban residents averaged 22,792 yuan and the net average income of farmers was 8,342 yuan last year.

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