Caixin
May 06, 2022 07:07 PM
OPINION

China Green Bulletin: China to Cut Coal Import Tariffs to Zero

Mounds of coal cover the landscape Thursday at the port of Rizhao in East China’s Shandong province. Photo: VCG
Mounds of coal cover the landscape Thursday at the port of Rizhao in East China’s Shandong province. Photo: VCG

China to cut coal import tariffs to zero

China will cut coal import tariffs to zero from May 1 until the following March 31, the finance ministry announced on April 28. In an effort to ensure energy security and promote high-quality economic development, the Tariff Commission of the State Council said it would temporarily cut the tariffs to zero, with the goal of enhancing the coal supply and stabilizing domestic prices amid soaring global prices and supply disruption concerns. However, some experts think that the tariff reduction is unlikely to lead to a substantial increase in China’s coal imports, given the surging prices, geopolitical conflicts and the pandemic.

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