Statistics released from China's State Administration of Taxation show China's tax revenue in 2004 has reached 2570 billion RMB, around 300 billion US dollars.

This is the first time it has surpassed 500 billion RMB, 60 billion dollars.

Wu Xinlian, a senior official from China State Administration of Taxation says is optimistic about the figures saying both the total tax revenue and the increased amount are records.

“We have achieved exciting results. The imposed revenue doubled compared with that in 2000. The increased volume amounted the total tax revenue in 1994. Besides, the proportion of tax in GDP has undergone a step forward. All the progress shows taxation is playing a more essential role in adjusting Chinese economy and distribution."

(CRI.com January 2, 2005)