China plans tariff cut on wide range of consumer goods

President Xi Jinping have flagged their intention to open the nation

BEIJING: China is planning to reduce import duties on consumer goods ranging from food to cosmetics, a source said.

The tariff cuts, which would be effective as early as July 1, would apply to significantly more product lines than a similar reduction on around 200 items announced last year, said the source, who asked not to be identified as the discussions aren’t public.