China will adjust import and export tariffs on some goods from January 1, in order to speed and promote development and expand domestic demand, the finance ministry said on Thursday. | Reuters
BEIJING – China will adjust import and export tariffs on some goods from January 1, in order to speed and promote development and expand domestic demand, the finance ministry said on Thursday.
Export tariffs on aluminium and aluminium alloys are to be raised, the ministry said in a statement, citing the tariff commission of China’s state council, or cabinet.The current import tariff will stay on seven types of coal until March 31 next year, with tariffs adopted for most favoured nations from April 1, the finance ministry said in a separate statement.
As the world’s second biggest economy battles a surge in COVID-19 infections after Beijing’s abrupt U-turn on stringent curbs, it will set tariffs to zero on ingredients of some anti-COVID drugs, so as to ease the financial burden on patients.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan to test arrivals from China for COVID-19 from January 1The measures, which will run until the end of January, do not include those arriving from Hong Kong or Macau, says Taiwan's Central Epidemic Command Center.
Read more »
DTI confiscates P64-M uncertified products worth in Jan-Nov 2022The Department of Trade and Industry (DTI) reported on Tuesday it confiscated a total of 219,693 uncertified products worth PHP64.5 million from January to November this year. The DTI said it inten…
Read more »
Ship insurers to cancel war cover for Russia, Ukraine from Jan 1LONDON - Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who
Read more »
SSS: P236.3B worth of benefits disbursed in Jan-NovThe Social Security System (SSS) on Wednesday said it disbursed a total of P236.3 billion worth of benefits from January to November this year.
Read more »
Eased Beijing travel rules cheer PHL tourism players - BusinessMirrorBy Ma. Stella F. Arnaldo akosistellaBM Special to the BusinessMirror BEIJING’S recent easing of its zero Covid tolerance policy bodes well for international travel, with most countries, like the Philippines, heavily dependent on the Chinese market for tourism revenue. Starting January 8, passengers from other countries will no longer be quarantined upon arrival in China,
Read more »
Chinese make travel plans as Beijing dismantles zero-COVID rulesChinese people, cut off from the rest of the world for three years by stringent COVID-19 curbs, flocked to travel sites on Tuesday ahead of borders reopening next month, even as rising infections strained the health system and roiled the economy.
Read more »