Tariffs on consumer goods to fall
By Chen Jia and Zhong Nan | China Daily | Updated: 2017-11-25 07:07
China will cut import tariffs on some consumer products by 9.6 percentage points beginning in December, as a measure to satisfy increasingly diversified domestic demand and to facilitate the consumption upgrade, the Ministry of Finance said on Friday.
The reduction of import tariffs will affect 187 tariff codes, including on food, health supplements, pharmaceuticals, garments and recreational products, and the average rate will decrease to 7.7 percent from 17.3 percent, according to the ministry.
Additionally, a tariff on some infant formula and milk powder products will fall from 20 percent to zero, while duties on diapers will drop from 7.5 percent to zero, according to a list on the ministry's website.
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