Advertisement
Advertisement
A bulldozer at a rare earth metals mine in Nancheng county, Jiangxi province, China. Photo: Reuters
Explainer: Why Beijing cut the tax rate on rare earths amid the escalating US-China trade war
- Industry observers say the move is meant to boost production, make it economically feasible to exploit low-grade deposits and maintain the country’s edge in the sector
- A lower tax rate of 20 per cent on miners of heavy rare earths takes effect from September 2020
Topic |
US-China trade war
Updated: 6:00am, 12 Sep, 2019
Advertisement
TOP PICKS
A bulldozer at a rare earth metals mine in Nancheng county, Jiangxi province, China. Photo: Reuters
READ FULL ARTICLE
Advertisement
Advertisement
SCMP TODAY: INTL EDITION
Get updates direct to your inbox
By registering, you agree to our T&C and Privacy Policy
Thank you for your subscription.
You can also view our other newsletters.
Products & Services
Our Sites
DOWNLOAD THE SCMP APP
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.
Post
Share