Economic Watch: China moves to lower import tariffs to keep opening-up promises

    Source: Xinhua| 2018-05-17 23:23:19|Editor: Mu Xuequan
    Video PlayerClose

    BEIJING, May 17 (Xinhua) -- China has taken solid steps in lowering import tariffs, sending out a strong signal to keep its promises of further opening-up.

    From May 1 this year, China had exempted import tariffs on all common drugs including cancer drugs, cancer alkaloid-based drugs, and imported traditional Chinese medicine.

    It was part of a slew of substantial measures recently announced, as the country promised to significantly broaden market access.

    The measures include easing foreign equity restrictions in the automobile, ship and aircraft industries, significantly lowering import tariffs for automobiles and reducing import tariffs on other specified products. A timetable for further opening the financial sector was also disclosed by central bank governor Yi Gang during the Boao Forum for Asia annual conference in Hainan Province in April.

    In 2017, China reduced import tariffs on 187 types of consumer goods, including coffee makers, smart toilet seat covers, electric toothbrushes, mineral water and oral cleaning kits.

    In 2016 and 2015, import tariffs on 787 and 749 types of goods were reduced, respectively.

    "It is an inexorable trend of China to enlarge imports to meet consumption and industrial upgrading during the country's economic restructuring process," Zhang Jun, economist with Morgan Stanley Huaxin Securities.

    "To expand imports and promote trade balance, concerted efforts are needed from both China and exporting countries, given some countries have laid barriers on their high-tech exports to China," Zhang said.

    For China, "lowering import tariffs will undoubtedly help increasing imports," said Xu Hongcai, an economist with the China Center for International Economic Exchanges.

    Su Jian, an economist with Peking University, said reducing the import tariffs will lead to a significant increase in China's imports.

    He also highlighted that China had vowed to "actively expand imports" in this year's central government work report.

      "We will actively expand imports, host the first China International Import Expo, and lower import tariffs on automobiles, some everyday consumer goods, and so on. We will open our market wider to promote industry upgrading and more balanced development of trade to provide Chinese consumers with a broader range of choices," said Premier Li Keqiang in the annual government work report.

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011105091371870661
    主站蜘蛛池模板: 被cao的合不拢腿的皇后| HEYZO高无码国产精品| 欧美人善交videosg| 公和我做好爽添厨房在线观看| 欧美日韩第三页| 天天干天天色综合| 久久久国产精品无码免费专区| 欧美成人免费全部网站| 免费黄色在线网站| 金8国欧美系列在线| 国产精品好好热在线观看| www.激情小说| 日产精品卡一卡2卡三卡乱码工厂 日产精品卡二卡三卡四卡乱码视频 | 亚洲人和日本人jizz| 男人影院天堂网址| 国产va在线视频观看| 国产麻豆精品原创| 国产美女网站视频| www.伊人久久| 成黄色激情视频网站| 久久精品国产清白在天天线| 欧美激情综合网| 免费国产在线视频| 老汉色老汉首页a亚洲| 国产大学生一级毛片绿象| 六月婷婷中文字幕| 在线播放国产视频| 一区二区三区四区视频在线| 无遮挡1000部拍拍拍免费凤凰| 九九精品视频在线观看| 欧美成人综合在线| 人妻少妇看A偷人无码精品视频| 美国一级大黄一片免费网站| 国产嘿嘿嘿视频在线观看| 亚洲人成在线播放网站岛国| 国产资源在线看| a级片视频网站| 少妇一晚三次一区二区三区| 中文字幕高清在线| 日本高清无卡码一区二区久久| 亚洲av无码电影网|