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 volume 13, issue #18 - Thursday, October 09, 2008

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China exports less high energy consuming products in 1H

03-09-08 China experienced a double-digit decline in foreign sales of high energy consuming products in the first half as efforts to reduce exports of such goods began to pay off, the General Administration of Customs said in Beijing.
The nation slashed and scrapped tax rebates for high energy consuming, high polluting and resource products as of July 1, 2007, as part of its effort to realize energy efficiency and protect the environment.

Between January and June, China sold 53.13 mm tons of high energy consuming products abroad, mainly rolled steel, iron alloy, steel billet, pig iron, aluminum, copper, cement and fertilizer. The figure was 17.1 % from the same period last year.
Foreign sales of rolled steel were down 20.2 %, while cement dropped 18.4 %.

In June alone, exports of high energy consuming products were 8.27 mm tons, down 32.6 %.
The total included 1.68 mm tons of cement, down 51.3 % and 649,000 tons of fertilizer, a drop of 40.3 %.

Source: http://english.cri.cn



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