HANOI: Vietnam sent a high-ranking delegation of Communist Party officials and Cabinet ministers to China today as the countries seek to mend relations strained by the giant northern neighbour's deployment of an oil rig last year in disputed waters. The State Council, China's cabinet, unveiled the plan on Sunday to develop three urban clusters that span Central China's Hubei, Hunan and Jiangxi provinces. The urban cluster around Wuhan in Hubei Province, the Changsha-Zhuzhou-Xiangtan city group in The State Council, China's cabinet, announced on Wednesday evening its local iron ore miners would receive a tax cut equivalent to 6 yuan ($1.27) a tonne. The change comes into effect on May 1. The introduction of a subsidy by the world's largest On Wednesday, China's cabinet decided to slash taxes for the local iron ore miners by around 50%, which could translate into a relief of 6 yuan, or $1.27 per tonne. This will go a long way in supporting the country's miners who have been struggling due to The State Council, China's cabinet, said on Wednesday its iron ore miners would receive a tax cut equivalent to 6 yuan ($1.27) a tonne. The change comes into effect on May 1. The iron ore price has more than halved over the past year, rendering many of The existing resource tax on iron ore will be slashed by 40 percent effective May 1, China’s State Council, or cabinet, said on Wednesday. It is equivalent to a slash of 6 yuan (AU$1.27) per tonne of iron ore produced. The move is indicative of China’s .
China’s cabinet said on Wednesday it would reduce power prices for coal-fired power plants and cut the resources tax it charges iron ore miners. Iron ore, a key steelmaking ingredient, is below $50 a tonne, down from $70 in three months, while aluminium Vietnam sent an array of Communist Party leaders and cabinet ministers to China for a four-day trip aimed at mending fences with its biggest trading partner. Communist Party General Secretary Nguyen Phu Trong leads the group that includes Vietnam’s On Tuesday, Japan thanked China after a Chinese Navy supply vessel helped to evacuate a stranded Japanese tourist from war-torn Yemen. In related news, hell is now one giant ice skating rink. The historic statement was made by Chief Cabinet Secretary China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme - covering 99.6 percent of depositors for up to 500,000 yuan ($80,700) each - would be launched on May 1. China's largest banks have long enjoyed an advantage in attracting .
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