Price gap to narrow for some goods

Competition, shopping outlets likely to reduce the amount consumers pay in domestic market

The latest tariff rate cut, along with other factors, will eventually narrow the price gap for consumer goods between the domestic and overseas markets, a Commerce Ministry official said on Friday.

Wang Shouwen, China's vice-minister of commerce, made the statement at a media briefing when asked about the impact of the decision to lower the tariff rate on 14 types of imported consumer goods, ranging from sneakers to diapers.