A robot welds parts at the Jinan Truck Company of the China National Heavy Duty Truck Group in Jinan. Photo: Xinhua

China cuts tariffs on more than 700 goods in bid to open up economy and lower domestic consumer costs

  • Ministry of Finance will implement zero tariffs on imports of a variety of meals including sunflower and canola as well as pharmaceutical manufacturing materials
  • Taxes on hi-tech imports will be set ‘relatively low’ as Beijing seeks to implement President Xi Jinping’s promises amid trade war with the United States
Topic |   US-China trade war

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A robot welds parts at the Jinan Truck Company of the China National Heavy Duty Truck Group in Jinan. Photo: Xinhua
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