China Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update

China Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update

Summary

GlobalData's China Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update provides a comprehensive coverage on China's mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.

In China, the State Council holds supreme power and administration rights. It manages China's internal politics, diplomacy, national defense, finance, economy, culture, and education. The council implements policies, laws, and regulations adopted by the government. It controls the ownership of minerals and ensures the rational development and utilization of mineral resources. The Ministry of Natural Resources is responsible for the management and regulation of natural resources in the country. It was formed in March 2018 and took over the responsibilities of the defunct Ministry of Land and Resources, State Oceanic Administration and State Bureau of Surveying and Mapping. Simultaneously, the government also amended the Regulations on the Administration of Geological Data and terminated the Regulations on the Administration of Geological Exploration Qualification. The country’s mining industry abides by the Mineral Resources Law, which promotes the exploration, development, utilization, and protection of mineral resources in the country. The Chinese government has announced that coal import duties, typically greater than 5% on thermal coal products) will be eliminated beginning in May 2022 and ending in March 2023. The measure aims to reduce potential import barriers while also lowering input prices for domestic energy suppliers.

Scope

• The report outlines the governing bodies, governing laws, various mineral licenses and fees

• Enhance your decision-making capability in a more rapid and time sensitive manner
• Find out China's governing bodies, major laws in the industry
• Identify various mineral licenses and fees
• To gain an overview of China's mining fiscal regime