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China could impose export taxes on steel, base metals and products before 2015. As the world's top producer and consumer of steel and many base metals, China announced the policy to limit production capacity, reduce energy consumption and carbon emissions. High-energy and high-emission industries will be greatly impacted.
Tax rebates on the exports will also be cancelled over the same time. The latest rebate cut signals the government's tougher stance on phasing out outdated capacity.
- Studio interview: taxes on iron ore exports 2010-05-05