China, whose economy heavily relies on exports, has been experiencing a decline in exports for six months now as of April. The value of China’s exports in April fell 22.6% in comparison to last year, a faster decline than in March’s exports (also in comparison to March of last year) during which China experienced a [...]
Fuel Tax Is Coming To China - Forbes.com
The Chinese government previously subsidized energy, but due to a growing strain of paying it, plan on imposing a tax on fuel to import less oil and become more energy efficient.
According to the article, tfhe Chinese government (along with many countries) has subsidized energy in the past, [...]
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