Print This Page Email This Page
China Raises Coke Export Tariff Rate to 40%

China is to raise the coke export tariff rate to 40 percent as of August 20, up from 25 percent, said the State Council's customs tariff commission on Friday.

This move aims to ease a tight coke supply in domestic markets and to contain export of products with high pollution and energy cost.

China is the world's biggest coke exporter, which accounts for 60 percent of the coke trade volume.

Despite some western country's move in reducing coke production for environmental reasons, China's coke exports have continued to increase in recent years.

Coke exports surged to 14.50 million tones in 2006, representing an increase of 14 times in 15 years since 1991. The figure hit a record 1.66 million tons in May this year.

The nation's coke exports, however, hit a turning point in July, when the government decided to adjust its export policy to tackle the problem. Coke export in July fell to 830,000 tons, down 10 percent year on year.

China's move in raising export tariffs indicated that the government had made its decision to reduce coke exports, said market analysts.

(Xinhua News Agency August 16, 2008)


Related Stories
- Electricity Strained by Heat Wave
- Vice Premier Stresses Coal Production, Electricity Supply
- China Increases Prices for Oil, Electricity
- Electricity Tariffs 'Will Not Rise'

Print This Page Email This Page
Chinese Lu Yong Wins Men's 85kg Weightlifting Gold
Chinese Tong Wen Wins Women's over 78kg Judo Gold
Nomadic Tibetans in NW China to Settle into Permanent Homes
China's Urban Fixed Assets Investment Up in 1st 7 Months
Most Beautiful Lake Grows Bigger
Smiling Volunteers Win Another Olympic Gold for Beijing


Product Directory
China Search
Country Search
Hot Buys