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China plans tariff cut on wide range of consumer goods


President Xi Jinping have flagged their intention to open the nation’s vast internal market further to outsiders

President Xi Jinping have flagged their intention to open the nation’s vast internal market further to outsiders

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.

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