Shanghai’s tax office published its list of the Top 100 enterprises, by taxes, recently, from the city’s secondary and tertiary industries, 10 of which were from the Jiading district, with eight of them secondary industries, including Volkswagen, ZF Shanghai Steering Systems, Continental Automotive Systems, and Volkswagen Powertrain, and the other two, Volkswagen Sales Co and Volvo Sales Co, from tertiary industries.
Jiading’s tax revenues for 2013 were just above 63 billion yuan, with 36.3 billion yuan of that from secondary industries, and 26.75 billion from tertiary, and accounting for 7.6 percent of Shanghai’s total tax revenues, an increase of 14.6 percent year-on-year, and well above the rate for Shanghai overall, of 5.1 percent.
The 10 Jiading enterprises paid 23.9 billion yuan in taxes for 2013, or 37.9 percent of the district’s total and 2.9 percent of Shanghai’s total tax revenues. One of them paid more than 10 billion yuan in taxes, one, between 1 billion and 10 billion yuan, and the others, above 200 million yuan.
Of these 10 companies, eight are foreign, with only Liansheng Auto and Yanfeng Visteon domestic.
And, of the 10, automobiles accounted for 90 percent -- one in finished automobiles, two in sales, six in auto parts, and one in consumer goods -- so, the district’s automobile enterprises obviously play an important role in the city.
Edited by Lin Hong and Roger Bradshaw