Lower tariffs make foreign brands shine
China Daily | Updated: 2017-12-11 07:41
Chinese peers, too, could benefit in the long run after short-term pain
BEIJING - Tariff cuts on a wide range of consumer goods will give a boost to foreign brands in the Chinese market, and in the long run, should benefit domestic producers.
Effective this month, tariffs on 187 product categories such as baby formula, diapers and cosmetics will be reduced from 17.3 percent to 7.7 percent on average, according to the Ministry of Finance.
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