China's Coming Reductions in Import Barriers: A Short-Term or Long-Term Change?
Howard Richman submits:According to the People's Daily (China considers tariff reduction to boost imports), the Chinese government is considering some cuts in its many tariff and non-tariff barriers to imports. Here is a selection:
Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade," a senior official told China Daily.
"We will launch a series of measures to stimulate imports this year, including adjusting tariffs on some categories of goods and further simplifying the administrative process," Zhong Shan, vice minister of commerce, told China Daily on the sidelines of the East China Fair, which opened in Shanghai on Tuesday.
Zhong declined to elaborate on the exact measures that will be introduced.
Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said import tariffs on resources are comparativelyComplete Story »