Eleven new influential regulations for Chinese businesses

3 Import tariff reductions for cars and auto parts

The Chinese Ministry of Finance announced it would cut import tariffs on vehicles and auto parts from July 1.

For cars, the 25-percent tariff levied on 135 items and 20-percent duty on four items will both be cut to 15 percent. Import tariffs on 79 auto parts will all be reduced to 6 percent from the current level of 8 to 25 percent.

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