China Growth Stocks

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China's resource tax

I keep reading the odd story about this - the money will go to the local governments so they are certainly up for it. I've also heard they might alter the oil tax.

http://www.reuters.com/article/idUSTOE62F01Q20100316?type=marketsNews

China has sought to reform its resources tax since 2006, from one based on coal volume to one based on the market value of each tonne sold. The tax, which is currently a fixed charge per tonne, was expected to become a 3 percent levy on mine-month prices starting in April, according to BOC International.


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