China lowered the average import tariffs on some goods on Dec. 15, 2011 in order to boost imports and promote balanced trade, said an expert with the Ministry of Finance (MOF).
“As global economic growth is slowing, many countries have taken measures to reduce imports. In this instance, China’s move to cut tariffs shows its responsibility to the world,” said Liu Shangxi, deputy chief of the Research Institute for Fiscal Science under the MOF.(…)
