Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China’s tax revenues increase 30%

by Tony Sagami on July 23, 2008

in General

If you think the Chinese economy is getting dragged down by the U.S., don’t tell the Chinese State Administration ofTaxation.

The SAT reported that taxrevenues, driven by a dramatic rise in corporate profits, increased by 30.5% to $472 billion in the first half of2008.

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