Tianjin Sees Financial Revenue Increase By 20 PercentThe financial revenue of this municipality reached 15.8 billion yuan (1.9 billion US dollars) in the first six months of the year, up 22.6 percent from the same period of last year, sources said.In the first five months of 2001, the city's gross domestic product rose 12 percent from the same period of last year, with the large margin of growth maintained in total industrial output value, retailing, exports and fixed assets investment, according to the Tianjin Financial Bureau. Statistics show that tax revenue from private enterprises and individuals increased by 34 percent and 38 percent respectively. In the period, the total expenditure of the city was 11.3 billion yuan (1.4 billion US dollars), up 19.2 percent. The expenditure on science and technology development witnessed substantial growth of 71 percent compared with the same period of the last year, sources said. |
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