China lowered its general tariff from 12 per cent to 11 per cent, Xinhua reported. The reduction, which affects more than 3,000 tariff items, was effective from January 1 this year. The average tariffs for agricultural items were cut from 18.1 per cent to 16.8 per cent, while the average tariff on industrial products was cut from 11.4 per cent to 10.1 per cent.
China is continuing to impose quotas on a dozen agricultural products, including wheat and soybean oil as well as chemical fertilisers. Imports on items such as frozen chicken and beer will be subject to specific and compound duties, the news agency added, without giving further details.