China's economy grew 9.8 percent in 2005, said Ou Xinqian, vice
minister of the National
Development and Reform Commission Sunday.
The commission's previous estimate for last year's economic
growth was 9.4 percent. This figure was adjusted according to the
newly-revised GDP in 2004.
China last month revised the size of its economy in 2004 by 16.8
percent to 15.99 trillion yuan (US$1.93 trillion), with over 90
percent of the newly-added 2.3 trillion yuan from better data about
the services sector.
Ou revealed the figure at a meeting on the coal supply and
demand. She said China's CPI remained within two percent in 2004
and the fixed assets investment grew 25 percent.
Aslo on Sunday,? according to a report posted on the
website of the State Administration of Taxation (SAT), China's
total tax revenues reached a record high of 3.0866 trillion yuan
(US$385.8 billion) in 2005, an increase of 20 percent, or 514.8
billion yuan, year-on-year.
The figure did not include Customs duties and agricultural
tax.
This is the first time that the nation's tax revenues exceeded 3
trillion yuan, the report said.
(Xinhua News Agency January 2, 2006)