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colorwolf2000
it is reported that this year chinese governmental revenue will exceeds 3 trillions yuan( about 400 biliions US DOLLARS) .20% more than that last year.

it took china 5 years to increasing its governmental revenue from 1 trillions to 2 trillions,whereas only 2 years to increase from 2 trillion to 3 trillion.
ISI2003
QUOTE(colorwolf2000 @ Dec 19 2005, 04:19 AM)
it is reported that this year chinese governmental revenue will exceeds 3 trillions yuan( about 400 biliions US DOLLARS) .20% more than that last year.

it took china 5 years to increasing its governmental revenue from 1 trillions to 2 trillions,whereas only 2 years to increase from 2 trillion to 3 trillion.
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actually there was a large correction recently, of an increase of $300 Billion to the national GDP

but, you are right to note that they are building up their reserves faster
colorwolf2000
QUOTE(ISI2003 @ Dec 19 2005, 07:30 AM)
actually there was a large correction recently, of an increase of $300 Billion to the national GDP

but, you are right to note that they are building up their reserves faster
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obviously you have are confused at the concept of "revenue" and "GDP"

in fact ,those two concept has no connection.
Psycoo
Thats good news for China, This might however only mean that better tax methods are in place to collect more taxes rather then the size of the economy growing so fast that so much revenue can be collected.

Either way 300 to 400 billion is a huge jump, Pakistan revenue is 14 billion i think alot of tex money isnt collected in Pakistan and we should improve our Tax system too.
sorwar
This isn't really a surprise. As an economy develops, the government is naturally able to collect a larger share of a growing GDP in taxes. This means that the growth of revenue easily exceeds the growth of the economy. The government must now decide what to spend all this extra money on - infastructure, schools, hospitals or the military.
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