Chinese customs tax revenue in 2003 up 42% on strong economy
BEIJING, Jan. 8 Kyodo
Chinese customs authorities collected 370 billion yuan ($44.4 billion) in customs taxes last year, up 110 billion yuan from the previous year, official media reported Thursday.
The 42% increase in tax revenues on imports and exports sets a historical record and bolsters China’s economy, People’s Daily reported.
”The increase mainly benefits the national economy’s sustainability, acceleration, coordination and healthy development, and import-export trade’s fast increase,” the Communist Party daily said.
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