China's fiscal revenue in 2007 hit 5.13 trillion yuan (US$733 billion), an increase of 1.25 trillion yuan, or 32.4 percent year on year, Ministry of Finance figures show.
Tax income, the major source of revenue, stood at 4.56 trillion yuan, an increase of 1.15 trillion yuan, or 33.7 percent, over the previous year. It accounted for 88.9 percent of the total fiscal revenue.
Non-tax revenue contributed 569.1 billion yuan, a rise of 105.67 billion yuan, or 22.8 percent, year on year, and accounted for 11.1 percent of the total revenue.
Analysts attributed the rapid tax revenue increase to huge real estate investment, the speedy development of industrial and commercial sectors, the hefty economic returns of enterprises and active stock exchange transactions.
For more reading: http://www.chinadaily.com.cn/bizchina/2008-03/05/content_6512525.htm