China will continue lowering its tariff on imported goods, including some of the medium and high end products such as cosmetics, luxury watches, etc, so as to increase the import of luxury goods and satisfy domestic demand. This marks the official confirmation of the rumor, which has been spreading widely f […]

China Cuts Its Import Tariffs on Refined Oil: Zero Tarrif

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According to a notification issued by Ministry of Finance, China will substantially reduce the import tariffs on gasoline, diesel, aviation kerosene and fuel oil, among which diesel and aviation kerosene will even be listed as zero-tariff.   Ministry of Finance said the aim of the tariff cut is to […]