China's customs revenue hit 688.35 billion yuan (about 93.02
U.S. dollars) by November 28 this year, fulfilling yearly target of
688 billion yuan more than a month earlier, according to customs
sources.
The customs revenue of the entire year is expected to exceed 700
billion yuan, 100 billion more than last year's record high of 610
billion yuan (about 78 billion U.S. dollars).
The large-scale increase of customs revenue came from strong
growth in consumption and exports supported by the country's fast
growing economy, said a customs official.
Total imports rose 19.8 percent to 773.48 billion U.S. dollars
in first ten months as domestic demands grew, providing a major tax
source.
Revenue from import sector also rose upon the launch of a
consumption tax on luxury goods, such as watches, golf balls and
clubs, yachts and wooden floor panels in April last year.
The adjustment of tariff policies since the end of last year
boosted the revenue from the exports, which jumped 26.5 percent to
985.84 billion U.S. dollars in the first ten months this year.
The government introduced a raft of measures ranging from export
rebate cuts to export tariff increases for many exports especially
those from the high polluting, and high energy- and
resources-consuming sectors.
(Xinhua News Agency December 2, 2007)
