2011-12-21

Another step to help Chinese consumers

China to Lower Import Tariffs for Commodities
According to a recent notification by the Ministry of Finance, the State Council's tariff committee has finalized next year's tariff scheme, lowering the duties for 730-odd imported commodities to an average of 4.4 percent, which more than halves the rate enjoyed by Most Favored Nation status under World Trade Organization rules.
Also a good way to reduce inflation...

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