PolyU Library
Journal Call no.AP8.W56
AuthorWilson, Tim.
Article TitleTax reforms take toll on PRC companies : revenue men get more efficient / Tim Wilson.
Is Part OfWindow ; v.5, no.41, 25 Oct 1996, p.53, illus.
AbstractChina's central tax returns have been rising consistently since the tax system underwent a major revamp in 1994. In October 1996, the central government released the figures for the industrial and commercial receipts for the first nine months of the year. They are up again - by 20 per cent. And this comes at a time when the economy is supposed to have slowed down. Although the Chinese economy has grown at a rate slightly below, the increase, say analysts, is largely attributable to the reforms of two years ago - and it is a measure of their success.