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China gets 80 per cent of tax income from mining

The family is based in Yumai, China's smallest town in terms of population located close to Arunachal Pradesh.

Beijing: China has begun large-scale mining operations on its side of the border with Arunachal Pradesh where a huge trove of gold, silver and other precious minerals valued at about $60 billion has been found, a media report said today.

The 73-day standoff marked a new low in bilateral ties. The family is based in Yumai, China’s smallest town in terms of population located close to Arunachal Pradesh.

Xi thanked the father and his two daughters for their loyalty and contributions to China, and also urged the people of Lhunze to “set down roots” to develop the area for the national interest.

The Post report said although mining has been going on in the world's highest mountain range for thousands of years, the challenge of accessing the remote terrain and concerns about environmental damage had until now limited the extent of the activities. With more mines being dug in Lhunze and surroundings, a county official told the Post that more than 80 per cent of the county government’s tax income came from mining.

( Source : PTI )
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