LINE

Text:AAAPrint
Economy

China's Q1 tax revenue up 9.8 pct

1
2016-04-20 17:00Xinhua Editor: Gu Liping

China collected 2.98 trillion yuan (458 billion U.S. dollars) in taxes in the first quarter of 2016, up 9.8 percent year on year, data from the State Administration of Taxation (SAT) showed on Wednesday.

Tax collected from tertiary industry rose 12 percent year on year, accounting for 56.5 percent of the total, said the SAT.

The surge in tax revenue from tertiary industry reflected China's adjustment of the economic structure and rising consumption demand, said Zheng Xiaoying, a senior SAT official.

Meanwhile, tax revenue from high-end manufacturing also increased rapidly thanks to the country's innovation drive.

Tax collected from computer communications, pharmaceuticals and aerospace equipment manufacturing in the first quarter rose 8.3 percent, 11.6 percent and 11.9 percent, respectively.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.