China’s Finance Ministry has said it will reduce import tariffs on a selection of consumer goods from the beginning of December. Import tariffs will be cut from an average of 17.3 per cent to 7.7 per cent on products including food, health products, medicines, clothes, shoes and hats as well as other daily goods.
The reduction follows moves since 2015 to reduce import duties amid rising demand for imported consumer goods, the ministry said. It added that the latest reduction in tariffs was made in response to rising demand for quality goods that cannot currently be met domestically and would allow for increased consumer choice.
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