Tax chief: China economy grew 8.5% in 2003


  • Business
  • Wednesday, 14 Jan 2004

BEIJING: China’s economy grew 8.5% in 2003, the fastest pace in six years, the country’s tax chief said Monday in a sneak preview of the official figure to come out next week. 

“Tax revenue grew by 20.3% while GDP (gross domestic product) grew by just 8.5%,” Xie Xuren, commissioner of the State Administration of Taxation, told reporters. 

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