Friday, 24 November 2017

China cuts import tariffs on 187 consumer goods

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth.

The Finance Ministry said tariffs will drop from an average 17.3% to 7.7% on products, including pharmaceuticals, food, health supplements and clothing.

The cut will take effect from the beginning of December.

The move is designed to encourage consumers to spend more at home rather than on trips overseas.

BBC     News.

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