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Last updated at: (Beijing Time) Thursday, July 10, 2003

Customs Duties up in First Six Months

China's General Administration of Customs collected duties totaling 174.7 billion yuan (21 billion US dollars) in the first half of this year, up 53.7 percent year-on-year, according to the latest statistics.


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China's General Administration of Customs collected duties totaling 174.7 billion yuan (21 billion US dollars) in the first half of this year, up 53.7 percent year-on-year, according to the latest statistics.

Experts here attributed the increase to the rapid and healthy economic development of the country since the latter half of last year, which largely stimulated imports.

Figures show that from January to June, China imported dutiable goods valued at 88.6 billion US dollars, up nearly 54 percent year-on-year.

The five major contributors of import duties were machinery andelectronic products, automobiles and parts, crude and refined oil,steel, and organic chemicals.

Director Mou Xinsheng of the administration expressed the belief that with the base laid during the first six months, the annual target for customs duty will be achieved despite the impact of severe acute respiratory syndrome.


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