Imports, car sales fuel 23% tax revenue
By Li Woke | China Daily | Updated: 2011-02-10 07:52
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A display of imported wine at a vineyard in Nanjing, Jiangsu province. A jump in China's 2010 tax revenue as a result of surging imports and car sales has prompted calls for tax cuts. An Xin / For China Daily |
BEIJING - Driven by the large volume of imports and car sales, China's tax revenues jumped 23 percent year-on-year to reach 7.32 trillion yuan ($1.1 trillion) last year, sparking calls for tax cuts.
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