New consumption tax

China is mulling on imposing a consumption tax on high-polluting and high-energy-consuming products, the National Development and Reform Commission (NDRC) said Tuesday.

The measure is part of China's efforts to save energy and reduce pollution, as the country aims to cut energy consumption per unit of GDP by 3.84 percent annually between 2013 and 2015.

Other measures include removing outdated industrial capacity, preventing the fast expansion of high-polluting and high-energy-consuming businesses, as well as encouraging the development of sustainable energy.