China levies 6% tariff on coal imports, but only on 30% of the market

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China levies 6% tariff on coal imports, but only on 30% of the market

November 04 2014
chinesecoalpower-opt.jpg

China's Ministry of Finance has announced it will introduce a 6% tax on coal imports starting from December 1 this year. Coking coal, which is used for steel production, and anthracite will be taxed at 3%. China had a similar import tax on coal until it was removed in 1997.

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