China Plans to Reduce Tariffs to Increase Imports

“China plans to lower tariffs on some products to encourage imports as the nation seeks to alleviate pressures on domestic resources and reduce trade conflicts, the State Council said in a statement today.

China’s cabinet called on local governments and departments to stabilize and promote commodities imports, widen the buying of advanced technology equipment and energy products, and “appropriately enlarge” the import of consumer goods, according to the statementposted on website….”

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