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China Tax Revenue a Big Rise in 2004

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)

 

Tax Revenue to Keep Fast, Healthy Growth
2004 Tax Revenue to Top US$304b
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China Loses Tax Revenue
Tax Revenue Grows 26.2% in 1st Half
Slow Down in Nation's Tax Revenue Growth Expected
Tax Revenue up 20.3% in 2003
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