China state press reports some import tariffs to be reduced from January 1 - :: Forex, Crypto Currencies, Bitcoin, Crude, Economy, Gold & Silver, Investment, Podcast, US Markets - By Anirudh Sethi

China state press reports some import tariffs to be reduced from January 1

23-Dec-19 07:02 am

Xinhua with the report on efforts to boost imports

China will cut the import tariff on around 850 goods
to increase imports of some consumer goods

Further, there will be lower import tariffs on some IT products coming into effect from July 1 next year.

Lower tariffs are good news on trade.