Thursday, March 3, 2011

Breaking News-RTRS-CHINA TO CUT IMPORT TARIFFS ON A RANGE OF PRODUCTS -CHINA DAILY QUOTES VICE MINISTER OF COMMERCE

BEIJING, March 3 (Reuters) - China will cut import tariffs and red tape to boost imports this year and "maintain balanced trade," China's vice minister of commerce said in comments published on Thursday.
"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 told the official China Daily newspaper.
He did not give details on the measures to be introduced.
Sources told Reuters that the Commerce Ministry was consulting other ministries about cutting import taxes