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December 23, 2010

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Tariff Reduction Items

CHINA will add more items to its preferential technologies and products import catalog to boost mechanical and electrical products imports, a Ministry of Commerce official said yesterday.

Emerging industries and traditional equipment manufacturing will be included in the tariff reduction catalog, Zhang Ji, the ministry's Industry Department chief, said during a national conference in Beijing.

Zhang said an active import policy will help satisfy Chinese demand for production factors as the country transforms its economic development mode.

He said three principles, including market mechanisms, will be followed to promote imports of mechanical and electrical products.




 

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