China will scrap export tariff rebates on six products that include coal tar and peltry, and cut the rebates to 5 percent on more than 30 categories of farm chemicals and minerals and their products as of Jan.1, 2006.
According to a statement posted on the official website of the Ministry of Finance, China will cut the rebate rates to 5 percent on over 25 farm chemicals, mercury, tungsten, zinc, tin, stibium and products made from them, mineral magnesium and its primary products, olefin and some other products.
A namelist of the products and related information was also published on the website.
The move represents the latest efforts made by the Chinese government to discourage exports and production of energy-intensive products or those that would lead to grave environmental pollution in their processing process.
(Xinhua News Agency December 31, 2005)