China adjusts tariffs to boost imports of high-quality products

By Wang Junling Starting from Jan. 1, 2025, provisional import tariffs, lower than the most-favored-nation rates, have been applied to 935 Chinese commodities as part of an annual tariff adjustment plan recently issued by the Customs Tariff Commission of China’s State Council. Experts said that lower provisional tariffs have been implemented for some raw materials,…

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Three years on, RCEP sees significant progress in promoting regional open cooperation

By Yang Yi, People’s Daily The Regional Comprehensive Economic Partnership (RCEP) is the free trade area with the biggest population, the largest trade scale and the greatest potential for development. Since the RCEP came into force in January 2022, it has delivered increasingly prominent institutional dividends such as tariff reductions, simplified customs procedures, and trade…

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