China to cut import tariffs for daily consumer goods
BEIJING - China’s State newsagency, Xinhua, is reporting that the State Council decided at an executive meeting chaired by Premier Li Keqiang to further cut import tariffs for daily consumer goods from July 1.
The average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced from 15.9% to 7.1%, and that for home appliances, such as washing machines and refrigerators, from 20.5% to 8%.
The average tariff rate for cultured and fished aquatic products and processed food such as mineral water will be cut from 15.2% to 6.9%, according to a statement released after the meeting. www.webershandwick.cn (ATI).