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National Information Center again levies energy tax

Author: Publication Time:2019-01-04Reading volume:1201SmallMediumLarge

Yesterday, the National Information Center Economic Forecasting Department’s Macro Policy Trends Group released a report entitled “Promoting the Reform of Resource Product Price Formation Mechanism”, saying that China’s economic growth rate has been falling for three consecutive quarters. China is energy on the one hand. Large countries with resource needs, on the other hand, indirectly act as major energy exporters. The export of "two high and one capital" products is actually exporting energy resources in disguise, and should "improve the resource tax rate and mineral resources compensation fees for important resource products as soon as possible, and implement energy tax as soon as possible."
Text label:National Information Center again levies energy tax
Yesterday, the National Information Center Economic Forecasting Department’s Macro Policy Trends Group released a report entitled “Promoting the Reform of Resource Product Price Formation Mechanism”, saying that China’s economic growth rate has been falling for three consecutive quarters. China is energy on the one hand. Large countries with resource needs, on the other hand, indirectly act as major energy exporters. The export of "two high and one capital" products is actually exporting energy resources in disguise, and should "improve the resource tax rate and mineral resources compensation fees for important resource products as soon as possible, and implement energy tax as soon as possible."
The study concluded that the energy tax levied on future energy demand is very obvious, and the impact on the Chinese economy is limited. But the specific timetable for the introduction of energy taxes may not be optimistic. Relevant energy experts said that the introduction of energy tax requires two prerequisites: first, to rationalize the price of domestic energy products; second, the economic operation is relatively stable, such as the decline of CPI and PPI, will create a good economic condition. Zuo Xiaolei, chief economist of Galaxy Securities, said that any waking hours should consider rationalizing the domestic energy price mechanism.


2018-10-24 166 Reading volume
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