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Policies improve people's livelihoods in 2020
Updated: Dec 28, 2020
chinadaily.com.cn
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-- Lowering import tariffs for some products
China implemented provisional import tax rates that are lower than the most-favored-nation tariff rates for over 850 commodities starting Jan 1, according to a circular on the adjustments of import tariffs issued by the Customs Tariff Commission of the State Council.
Under the circular, China introduces or reduces the provisional import tax rates on products including frozen pork, frozen avocados and nonfrozen orange juice, as well as imposes zero import tax on pharmaceutical products containing alkaloids for asthma treatment and raw materials for the production of new diabetes medicines.
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