To Get Rich Is Glorious
China is making a lot more money:
China's top tax official said Tuesday that China's total tax revenue hit 2.57 trillion yuan (US$313 billion) in 2004, up 25.7 percent on a yearly basis.For comparison, US tax Revenue in the same period was approx US$1,798,093, or roughly 6 times as much.
But China is catching up at the moment. A currency revaluation (which, I've noted before, will be more gradual and less pronounced than expected) will change the figures even a little more in China's favor.
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