BUSINESS

China Set To Cut Tariffs On Hundreds Of Products

Chinese authorities have announced a new move to cut tariffs on hundreds of products ranging from frozen pork to high-tech parts next year.

This move is an attempt by the government to lower trade barriers to support its economy.

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

China has used high tariffs over the years to protect its local industries.

The country is yet to spell out the details of a first phase trade deal with the U.S.

Barbara Greene, Readers Bureau, Fellow

Edited by Jesus Chan

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