The legislation, which comes into effect in January 2018, will tax factories, power plants and other pollution emitters for releasing contaminants such as sulphur dioxide, a key contributor to the smog that has choked much of the country in the last couple of weeks.
Analysts said the levies could be steep enough to push some dirty firms out of business, going some way to answering criticism that the central government has been half-hearted in tackling pollution.
Among the critics is Peter Navarro, US president-elect Donald Trump’s nominee for head of his new White House National Trade Council, who claims Beijing’s lax regulation of pollution has undermined trade fairness.
Vantage Data Centers Marketing Hong Kong Portfolio as Security Moves Centre
Stage
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Just over one month after Hong Kong passed a new national security law
banning unlawful acquisition, possession or disclosure of information
deemed to be...
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