--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates


Hot Links
China Development Gateway
Chinese Embassies


China Sees Double Digit Growth in Tax Revenue
China's tax revenue for the first 10 months of this year totaled 1.4195 trillion yuan (US$173.1 billion), up 13.4 percent on a yearly basis, tax authorities announced Wednesday.

A spokesperson for the State Administration of Taxation said the growth rate translates into 168 billion yuan (US$20 billion) in added revenues.

The overall revenue collected during the period accounts for 85. 5 percent of the tax revenue target set earlier this year by the central government.

The amount of tax revenue collected by the central government during the 10 months reached 865.9 billion yuan (US$105.5 billion), an increase of 13.5 percent, or 103 billion yuan (US$12.5 billion), year-on-year.

Tax revenue collected by local authorities totaled 553.6 billion yuan (US$67.5 billion), growing by 13.3 percent, or 65 billion yuan (US$7.9 billion).

The State Administration of Taxation attributed the rapid growth in taxation revenue to better-than-expected sustained and rapid economic growth.

The Chinese economy grew at a rate of 7.9 percent during the first three quarters of this year.

The increased industrial value grew by 12.2 percent year-on- year while investment in fixed assets jumped by 24.3 percent.

(China Daily November 8, 2002)

China's Tax Revenue up 11.8 Percent
Wealth Disparity Narrowed by Tax Reforms
Chinese People More Aware of Paying Taxes
Chinese Customs Records High Tax Revenue
Beijing Establishes Archive of Wealthy Taxpayers
Tax Policy for Imported Goods to Be Adjusted
New Tax System to Be Imposed
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688