Import tax cuts to relieve pressure on price rises
By Xin Zhiming | China Daily | Updated: 2008-05-30 08:20
The government's move to temporarily reduce import taxes on 26 commodities, including food items, medical products and cotton, will help reduce inflationary pressure, analysts said yesterday.
The Ministry of Finance said on Wednesday that:
Tariffs on frozen pork will be lowered from 12 per cent to 6 percent from June 1 to the end of the year.
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