Big Revenue Growth Recorded in Beijing
According to the Financial Bureau of Beijing, as a result of great effort having been made and various measures that had been adopted marked success had been achieved by the city in bringing about a big increase in its last year revenue.
Last year an annual amount totaling RMB$22.73 billion yuan of revenue, 20% growth over 1997, had been achieved by Beijing among which were included RMB$13.34 billion, 20.5% growth, at the municipal level; and RMB$9.47 billion, 19.8% growth, at the district-county level. Expenditures by the whole municipality last year were placed at RMB$28.11 billion yuan for an increase of 14.9%, including RMB$13.46 billion, a growth of 11.1%, at the municipal level; and RMB$14.65 billion yuan, an 18.5% increase, at the district-county level..
Economicnews 1999-01-15 Page2
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