China Sees Increase in Customs Revenue

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Last updated at: (Beijing Time) Thursday, January 03, 2002

China Sees Increase in Customs Revenue

China's customs revenue totaled 249.23 billion yuan (about 30.39 billion U.S. dollars) in 2001, anincrease of 11.17 percent or 25.04 billion yuan (about 3.05 billion U.S. dollars) over the figure for 2000.

The General Administration of Customs (GAC) said here Wednesdaythat China's customs revenue has registered sharp increases for the past three consecutive years.

A GAC official attributed the growth, despite the slowdown in the world economy, mainly to the country's pro-active financial policy and stable monetary policy, and growth of domestic demand.

The country's drive to rectify the market order last year also created a favorable environment for tax revenue growth, the official said.

He noted that the GAC will continue to step up the fight against illegal activities in 2002.

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