»»China: Fuel Tax to Reduce Energy Consumption and Pollution
The new fuel tax will be introduced soon in China, reflects the Chinese government’s policy of cutting down on energy consumption and pollution.
Vice-finance minister Liao Xiaojun said, according to Xinhua news agency, government would also create tax breaks for the use of energy-saving equipment, and study lower purchase tax for cars that use less fuel and produce fewer emissions.
China’s economic and social development blueprint for 2006-2010, which was approved by the annual session of China’s parliament in March, has set a target to reduce energy consumption per unit of GDP by 20 percent by the end of 2010. (source)
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