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China to lower tariffs on some imports

Updated: Dec 16,2014 3:37 PM     Xinhua

BEIJING — The Finance Ministry announced on Dec 16 that it would lower import tariffs on some goods from Jan 1 to support industrial development and to refine the trade mix.

Without elaborating on its time frame or the reduction details, the ministry said that the provisional tariff levy would see rebates lower than even those reserved for countries under the Most Favored Nation category.

Applicable imports include advanced manufacturing machinery and components, environmental protection equipment, resources, drugs and some consumer goods.