South China's Guangdong Province has been atop China's
league table for contributions to the national revenue for a 12th
consecutive year.
The province registered 345.06 billion yuan (US$44.23 billion)
of state revenue in 2006, up 21 percent year-on-year.
According to the provincial taxation authorities, Guangdong took
160.5 billion yuan (US$20.57 billion) in local tax revenue last
year, 18.8 percent more than the previous year and keeping its top
position in the country for 13 straight years.
The provincial taxation authorities ascribed the marked growth
in tax revenue to fast economic growth.
The provincial added industrial output value topped one trillion
yuan last year and its added value of the service sector also
exceeded one trillion yuan. The province's GDP was 2.58 trillion
yuan, a rise of 14 percent year-on-year.
Industries such as electronics and telecommunications equipment,
textiles, oil refining, power and building materials were major
contributors to the tax revenue increase, according to the
provincial taxation authorities.
Sources with the provincial taxation bureau said last year,
Guangdong collected 2.85 billion yuan of tax from the real estate
sector, up a record 36 percent year-on-year.
(Xinhua News Agency January 5, 2007)