TARIFF CUT TO BOOST OPENING-UP AND MULTILATERALISM

Move benefits the economy and helps global trade at crucial time

China's recent moves to cut tariffs on more than 1,400 types of daily consumer goods aims to further open its doors and uphold the global multilateral trading system, senior officials said.

Facing challenges imposed by rising trade protectionism, China has adhered to multilateralism and opening-up, said Zhu Guangyao, then the vice-minister of finance, at a policy briefing hosted by the State Council Information Office on Friday.