China Briefing News

China Raises Electricity Prices, Caps Coal Costs

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Dec. 6 – Faced with the threat of a significant power shortage this coming winter, China has announced an increase in its electricity prices for the first time in six months. The move – which aims at boosting power generation during peak season – will likely reduce the losses power plants have been suffering, but […]

China Kicks off National Resource Tax Reform

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After being delayed twice, China’s resource tax reform is finally going national. Starting on November 1, crude oil and natural gas will be taxed based on sales rather than the amount of production, and coking coal as well as rare earths will be subject to higher tax rates.

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