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China revises consumption tax

(newsphoto/AP)
Updated: 2006-03-22 10:15

A girl looks at a poster of Montblanc watch in a street in Shanghai in this September 16, 2005 file photo. China announced Tuesday, March 21, 2006 its plan to impose a consumption tax on disposable wooden chopsticks, wooden floor panels, yachts, luxury watches and more oil based products as of April 1 of this year. The country would scrap consumption tax on skin-care and shampoo products from April 1. [newsphoto]