C-Cube Message Board - Msg: 1442327

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Technology Stocks : C-Cube

CUBE 35.58

-2.0%

Dec 9 3:59 PM EST

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To: DiViT who wrote (15765)	5/20/1997 8:44:00 PM
From: John Rieman	of 50808

From the US Embassy. People in China have more money and are spending it.............................................................. redfish.com China's tax revenues up sharply China's tax revenues up sharply According to China's State Administration of Taxation (SAT), China's tax revenues rose 18.3 % last month (on a yearly basis). Taxes collected by the central government were up 20.1% and local government collections were up 16.3% the SAT said without giving exact amounts. Consumption tax, part of China's 1994 tax reforms, rose 12.7% last month. Collections from personal income tax jumped 41.2% to USD 254 million while that of over-seas funded enterprises and foreign companies reached USD 274 million. Stamp taxes from securities trading reached USD 306 million. (Source: CBnet Database, May 16, 1997)

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