China to cut import tariffs on pork and tech parts

China will cut tariffs on hundreds of products ranging from frozen pork to high-tech parts next year, lowering trade barriers to support the economy.

In a statement, Chinese authorities said import tariffs on 859 items would be reduced from 1 January.

The world's second largest economy has typically used high tariffs to protect local industries.

China is fighting a long-running trade war with the US and faces a series of domestic challenges.


The ministry of finance said the tariff changes would be made to "increase imports of products facing a relative domestic shortage, or foreign speciality goods for everyday consumption".

That includes tariff rates on frozen pork - due to be lowered to 8% from 12% for some countries - as China struggles to cope with an outbreak of African swine fever.

source https://www.ladunliadinews.com/2019/12/china-to-cut-import-tariffs-on-pork-and.html

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