economy - Customs revenue rises despite WTO
One of the few losers after China's accession into the World Trade Organization (WTO) could have been its customs, as tariffs will drop dramatically. But China customs have been able to reverse that expected trend into a 37 percent growth in the first two months of this year, reports Dow Jones. Revenue went up to 73.2 billion Renminbi (US$ 8.8 billion). The article gives no explanation for the rise. Increased trade might be one, but experts also expected Customs to change their strategies to uphold the revenue stream.