Fi­nance min­istry to ad­just tar­iffs

China Daily (Hong Kong) - - BUSINESS -

bil­lion yuan, ris­ing 17.1 per­cent year on year. Ser­vice out­sourc­ing con­tracts from the United States and Euro­pean Union went up 8 per­cent and 23.1 per­cent, re­spec­tively. life in­sur­ance com­pa­nies climbed 33.1 per­cent to hit 1.66 tril­lion yuan. Prop­erty in­sur­ance com­pa­nies’ pre­mium in­come rose 8.7 per­cent to 777 bil­lion yuan. China’s Min­istry of Fi­nance will ad­just tar­iffs on a num­ber of ex­ports and im­ports. The new plan comes into force on Jan 1, ac­cord­ing to the min­istry. To meet do­mes­tic de­mand, tax rates will be low­ered on some im­ported commodities next year in­clud­ing hy­draulic ac­tu­a­tors for air­craft. Im­port tar­iffs will also be re­duced on commodities in­clud­ing tuna and arc­tic shrimp.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.