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 (44.23 billion U.S. dollars) of state
revenue in 2006, up 21 percent year-on-year.
According to the provincial
taxation authorities, Guangdong took 160.5 billion yuan (20.57 billion U.S.
dollars) 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.
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