The Guangzhou State Administration of Taxation yesterday (July 13th) said escalating tax revenue from Guangzhou's car industry and relevant industries has increased the city's overall tax income in the first half of the year. In the first six months of the year, tax income from the car industry was about 2.4 billion yuan, up 37 per cent from the same period last year; Tax income from Guangzhou Honda Automobile Co., Ltd. increased 47 per cent. Meanwhile, tax income from manufacturers of traffic and transportation equipment was 360 million in the first half of 2004, up 64 per cent from the same period last year. The tax income of Dongfeng Honda engine co., Ltd increased 76 per cent.

Editor: Catherine