The State Council announced it intended to reduce tariffs on popular imported goods to boost spending on Monday, urging departments to come up with detailed plans to achieve the new policy goal soon, South China Morning Post reported. The governing body said there would be a trial run by June for imported products in high demand and called for adjusting the current consumption tax policy that importers face on bringing in everyday items such as cosmetics, clothing and accessories into the mainland. The decision followed slowing retail sales growth, down 0.5% from a year ago to hit 10.2% in March.
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