2020.01.01 20:38 GMT+8

China cuts tariff rate for baby formula from 15 to 5%

Updated 2020.01.01 20:38 GMT+8
CGTN

China has slashed tariffs on hundreds of imported items once again. It's the latest in a series of cuts over the past two years that the government says are aimed at boosting competition. The measure covers everything from frozen pork and fruit to high-tech products and even baby formula. Authorities say the tariff rate for baby formula was cut from 15 percent to just five.

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