Latest News:  
Beijing   Cloudy    2 / -5   City Forecast

People's Daily Online>>China Business

China to keep low import tariffs in 2012


08:06, December 16, 2011

BEIJING, Dec. 15 (Xinhua) -- China will keep import tariffs at a low level next year as part of its course to promote balanced trade by boosting imports, according to a government statement released on Thursday.

The average tariffs on more than 730 categories of imported goods will stand at 4.4 percent in 2012, less than half the rate for the most favored nation under WTO rules, the Ministry of Finance (MOF) said in a statement on its website.

Imports covered in the low tariff catalogue for 2012 include energy products such as coal, refined oil and rare earths, sophisticated equipment-making products, and parts and facilities used in emerging industries ranging from high-definition cameras to high-voltage transmission lines.

Farm produce, consumer goods like baby formulas, and public health products such as vaccines and serums are also included.

In 2012, China will maintain import quotas on seven types of farm produce and three kinds of chemical fertilizers. Temporary tariffs on chemical fertilizers which exceed the quota will be set at 1 percent.

The tariff adjustment, which has been approved by the State Council, or China's Cabinet, aims to strengthen the government's macro-regulation and helps to promote economic restructuring, the statement said.

【1】 【2】

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. Nearly 9 years on, US withdraws from Iraq

  2. 1st twin giraffes celebrate birthday

  3. Scuba divers welcome bowmouth guitarfish at aquarium in Hungary

  4. Consumers throng to shops for coming Christmas in Rio

Most Popular


  1. Risks behind India's military buildup
  2. 2011: Year of government micro-blogs
  3. Chance of RMB devaluation small
  4. Narrow vision limits China's discourse power
  5. Dubai chasing Singapore's strictness with violations
  6. Too early to loosen China's property controls
  7. Do not let disputes taint Sino-Korean ties
  8. The natural way to pick your stocks
  9. China must retain its strengths as it goes global
  10. Canada's short-sighted move should be denounced

What's happening in China

2nd Airbus A380 arrives in Beijing

  1. Property prices in big cities declining
  2. More Chinese cities see housing price decline
  3. Drought snags shipping on rivers in S China
  4. Gas explosion kills 9 in central China coal mine
  5. Beijing reaches annual "blue sky days" target

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance