The total tax revenue from China's domestic private enterprises
in the past five years reached 770.56 billion yuan (US$96.3
billion) reports the State Administration of Taxation.
According to statistics released by the administration on Monday
the total tax revenue is nearly eight times that of the previous
five-year period between 1996 and 2000.
The administration said in the past five years the tax revenue
from private enterprises reached a record annual growth rate of
45.3 percent with its share of the national total tax revenue
increasing from 2.2 percent during 1996-2000 to 7.1 percent.
The tax revenue of China's state-owned enterprises only
increased 6.9 percent to about 3.1 trillion yuan (US$387.5 billion)
in the past five years with its share of the national total
dropping from 52.3 percent to 28.3 percent.
Officials said the change was a result of China's economic
structure reforms through which a number of state-owned enterprises
changed into joint-stock or joint-venture companies.
But the administration acknowledged that the public sector is
still in a dominant position in China's economic structure with its
total tax revenue in the past five years amounting to 1.32 trillion
yuan (US$165.4 billion), 43.7 percent of the national total.
The public sector includes the country's state-owned firms,
collective and all state-holding enterprises, cooperative ventures,
joint-stock businesses and ventures.
(Xinhua News Agency March 15, 2006)