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sTariffs to fal○l on home applian■ces, cos

meticsTarif〓fs to fall on

ho●me appliances〓, cosmetics05-31-20◆18 08:52 BJT■The State Council◆, China's Cabi●net, decided ?/p>

n Wednesda●y to further cut ●tariffs on a ●number of imported ●goods start

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ing○ on July 1◆. The decision, at a◆n exe

cutive m◆eeting pre■side

d over by Prem〓ier Li Keqiang, w◆as described as con■tinuing th■e country's ope■ning-up to bene■fi

t domestic consum○ers and boost〓 industrial tr●ansformation.Ave○rage tariff

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rate●s for clothes,■ shoes, hats,◆ kitc

henware and◆ sports produ

cts wil○l be reduced ●to 7.1 percent f■rom the cur●rent 15.9 percent◆, according to a st●atement r

elease○d after the ■meeting.Av●erage rate○s for household a■ppliances like

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g machines and r●efrige

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rators will dr○op to 8 perce○nt, 12.5 percen◆tage point〓s lower. Tariffs on?/p>

?aquatic products〓 and mineral water〓 will be 6.9 perce○nt on aver

age, down ■from the exis◆ting 15.2 percent,● while cle○aning products,● cosmetics and s〓ome healthca○re products ○will be levied at 2.●9 percent, do●wn from the○ present 8.4 p■ercent, th

e state?/p>

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餸ent said.Furth●er tariff c●uts will be

bene●ficial to open〓ing-up and ■meet public dema◆nd, which 〓will also push■ forward quality ◆impro

vements and i?/p>

dustrial u○pgrading, the sta●tement said. I○t also sai○d related depar〓tments should s〓trictly carry out th〓e policy and○ prevent any price ◆increases b■y middlemen as ●a result.On Wedne○sday, the Sta●te Council also d●ecided that● China will■ roll out more for●eign-investor-fr●iendly measures and〓 widen m

arket● access.Commi●tments made◆ to cancel or e●ase restricti◆ons on forei●gn

Partners

nt in su●ch manufacturing se〓ctors as aut●omobiles, s〓hippin

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