Record tax revenue collected in Tibet
( 2003-12-01 16:54) (Xinhua)
Southwest China's Tibetan Autonomous Region has so far recorded more than one
billion yuan (124 million US dollars) in tax revenue since the start of the
year, a rise of 15 percent year-on-year, according to the region's taxation
administration bureau.
This means that the region has collected 96 percent of the tax revenue
planned for the whole year, said the bureau.
During the first 10 months of the year, fixed asset investment in Tibet
amounted to 10.8 billion yuan (1.3 billion US dollars), up 36 percent
year-on-year, setting conditions for the rise in tax revenue.
Construction work on 117 key local projects, including railway, cement and
power plants, went ahead smoothly, shoring up tax revenue collected from the
building industry.
Tibet has witnessed speedy development this year and its GDP is expected to
grow by more than 12 percent, said the bureau.
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