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Eleven new influential regulations for Chinese businesses | Updated: 2018-06-29 07:02

3 Import tariff reductions for cars and auto parts

Volvo SUVs and sedans arrive at Xi’an, Shannxi province through the China-Europe railway on June 13, 2018. [Photo/VCG]

The Chinese Ministry of Finance announced it would cut import tariffs on vehicles and auto parts from July 1.

For cars, the 25-percent tariff levied on 135 items and 20-percent duty on four items will both be cut to 15 percent. Import tariffs on 79 auto parts will all be reduced to 6 percent from the current level of 8 to 25 percent.

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