BEIJING — The National People's Congress, China's highest legislative body, is reversing its decision to forgo a controversial gas tax proposal in order to eliminate highway fees and tolls. The new centralized gas tax, instead, will raise funds for highway maintenance and repair. Construction is booming in China's road network, and the country's highway companies have borrowed nearly US$4 billion, mostly from U.S. and European investors, to build toll roads throughout the country. The ...
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