Further tariff cuts to boost trade, consumption
By Hu Yongqi | China Daily | Updated: 2018-10-09 07:31
Move covers 1,585 industrial products including machinery and electronic devices, textiles, and paper-made commodities
The decision to cut import tariffs from the start of next month is expected to reduce China's overall tariff from 9.8 percent to 7.5 percent, which along with other measures will work to reduce tariffs by nearly 60 billion yuan ($8.7 billion), according to the State Council.
Experts said the move demonstrates the country's determination and fulfillment of its promise to further open its door to the outside world while firmly supporting free trade.
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