China will impose a 5% tax on aluminum exports from January 1, Reuters reported, quoting an official at China's tax bureau. The announcement confirmed hints of new export taxes reported earlier in state media. The official told the news agency that Beijing would at the same time impose a 10% tax on blister copper and scrap copper exports and a 5% levy on refined copper exports. The new tax schedule reverses a policy to encourage metal exports introduced in 2000 when export taxes were scrapped.
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