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Consumption Tax
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China's Solvent-Grade Mixed Xylene Demand Halts
Apr 16, 2017Demand for solvent-grade mixed xylene has come to a near standstill this week as the product shares the same code for imports as mixed aromatics, which is expected to have a consumption tax imposed some time between May 1 and July 1, market ...
Tags: mixed xylene, mixed aromatics
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China's Apparent Oil Demand Posts Fastest Growth
Feb 2, 2016China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...
Tags: oil demand, fuel oil
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Shandong Teapot Refiners to Ramp up Crude Imports
Nov 23, 2015Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
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China's Oct Crude Oil Imports Rise 9.4% on Year
Nov 10, 2015China's crude oil imports rose 9.4% on year to 26.35 million mt in October, or 6.23 million b/d, preliminary data released by the General Administration of Customs Sunday showed. The October imports were 8.8% lower from September's 6.829 ...
Tags: Crude Oil, crude exports
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China Bitumen Blend Demand Continues to Ease
Nov 7, 2015Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...
Tags: crude, petroleum bitumen, fuel oil
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China Doubles Tax Rate for Cigarettes to 11%
May 8, 2015China raised the consumption tax on cigarettes from five percent to 11 percent, announced the Ministry of Finance in a statement on Friday. Each cigarette will be taxed an additional 0.005 yuan during the wholesale process, effective from ...
Tags: Tax Rate, Cigarettes
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China Eyes Consumer Goods Market for Growth
May 1, 2015Chinese Premier Li Keqiang on Tuesday called for improved import and export policies to offer more choice to the domestic market. Boosting domestic demand is key to ensuring steady growth and successful economic restructuring, said a ...
Tags: Domestic Market, Consumer Goods
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Japanese Economy Revives in October-December
Feb 2, 2015The Japanese economy appears to have expanded during the October-December period, marking the first growth in three quarters thanks to a long-awaited recovery in consumer spending. Real gross domestic product grew an annualized 4% last ...
Tags: consumer spending, Electrical
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China to Impose Consumption Tax Encourage Environmental Protection
Jan 29, 2015China announced on Tuesday that it will impose consumption tax on some types of batteries and paint to encourage environmental protection. A four-percent tax will be levied on the production, processing and import of batteries and coating ...
Tags: Consumption Tax, Batteries
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2014 Annualized Review Summary of The Global Passive Electronic Component Markets
Jan 20, 2015The following installment of MarketEYE offers the reader both an annualized summary and a month-by-month analysis of the global passive electronic component markets for calendar year 2014. Passive electronic components are defined for the ...
Tags: electronic components, Electrical
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China Raises The Consumption Tax on Oil Products for The Third Time
Jan 13, 2015China raises the consumption tax on oil products beginning Tuesday. This will be the third increase in as many months, following one on Nov 29 and another on Dec 13. The sharp drop in the price of crude oil since late June has been ...
Tags: consumption tax, oil products
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Taxes Remained High on The Agenda of Chinese Policymakers Last Year
Jan 9, 2015China plans to levy a resources tax on coal based on sales value instead of production volume, as well as scrapping arbitrary levies on coal miners starting from December 1, taxation and fiscal authorities said over the weekend. ...
Tags: Resources Tax, Coal
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Orders From Manufacturing Sector Down 5.5 Percent on Month to 343.8 Billion Yen In Japan
Dec 12, 2014In Japan, core machinery orders in October fell for the first time in five months, down 6.4% on year. The orders, widely regarded as a leading indicator of capital spending, signals the corporate sector has become cautious about boosting ...
Tags: Core Machinery
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Shimano Reported Sales for The Nine Months Ended Sept. 30 Were up Nearly 21 Percent
Oct 31, 2014Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of ...
Tags: Bike Components, Sporting Goods
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Japan's Government and Central Bank Are Counting on Export Growth to Help The Economy
Oct 27, 2014Japan's government and central bank are counting on export growth to help the economy overcome April’s domestic-demand-dampening consumption tax hike. The latest figures show that despite a weak yen, overall shipments remain sluggish, ...
Tags: export growth
