Beijing reports record tax revenue
( 2003-12-07 09:57) (Xinhua)
The Chinese capital Beijing's
local tax revenue surged 17.3 percent year-on-year to hit a record 50.2 billion
yuan (6.07 billion US dollars) in the first 11 months this year.
Despite the outbreak of severe acute respiratory syndrome (SARS)early this
year, Beijing's economy has maintained a robust development momentum and that
has contributed greatly to the increase in local taxes, said an official with
the Local Taxation Bureau of Beijing.
Statistics show that Beijing's gross domestic product went up by 10.1 percent
year on year to reach 278.8 billion yuan (33.7 billion US dollars) in the first
10 months.
The service sector, the leading contributor of local tax revenue, generated
168.4 billion yuan (20.36 billion US dollars) in added output value in the first
10 months, up 8.7 percent on the same period of last year.
The catering, tourism, hotel, transportation, cultural and sports and
recreational businesses were hit by SARS, suffering massive losses in first
several months this year.
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