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ENVIRONMENT | Staff Reporter, China

China might impose new tax on heavy polluters

Part of effort to slash energy consumption.

The National Development and Reform Commission, the top planning body, is seriously considering imposing a consumption tax on high-polluting firms and high-energy-consuming products.

The measure is part of China's efforts to save energy and reduce pollution. China wants to cut energy consumption per unit of GDP by 3.84% annually between 2013 and 2015.

Other measures include removing outdated industrial capacity, preventing the fast expansion of high-polluting and high-energy-consuming businesses, and encouraging the development of sustainable energy.

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