Hainan’s tax revenue hit record RMB27.08 billion in 2010
The tax revenue of Hainan province hit a record high in 2010, with annual tax revenue reaching 27.08 billion yuan, according to statistics released by the Hainan Tax Bureau.
In 2010, the total tax revenue maintained rapid growth, and tax revenues of cities and counties generally showed strong growth.
The income tax revenue of the real estate industry contributed greatly to the total tax revenue in 2010, rose 89.2% to 0.8 billion yuan.
With the target of building Hainan into an international tourism island by 2020, Hainan province has sped up the pace of economic development in 2010. The sales of the real economy have rebounded and prices of commodities have picked up in 2010.