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Tin-foil tiger
HOME > PAST ISSUE > REPORTS [Premium content]January 2007
The tax imposed on aluminum producers suggests that China's regulators can't control their industries
When it took aim at the "resource-intensive" industries last month and imposed a series of tax changes, China's Ministry of Commerce said it was acting in the interests of a sector that needed to cool down.
A 10% hike in export duties on aluminum to 15% was headline news for commodities traders as a number of export tax rebates bit the dust.
These rebates were originally introduced in the late 1990s to help stave off the Asian financial crisis. Now, the ...
A 10% hike in export duties on aluminum to 15% was headline news for commodities traders as a number of export tax rebates bit the dust.
These rebates were originally introduced in the late 1990s to help stave off the Asian financial crisis. Now, the ...
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