Minzhong Central: As soon as possible increase the tax rate of rare earth resources

In order to protect China's rare earth resources, the tax rate of rare earth resources should be raised as soon as possible. The Central Democratic Progressive Committee recommends that relevant state departments use economic means to control the price of rare earths, safeguard national interests, and promote the sustainable development of rare earth industries. First, the state must raise the tax rate of rare earth resources, improve the formation mechanism of rare earth prices, and let the rare earth production prices reflect environmental costs. Second, the state will use rare earth resources tax revenue for resource reserves, deep processing of products and environmental governance, and promote the scientific development of rare earth industries.

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