China to lower import tariffs on goods from pork to semiconductors

A ship docked at a port in Rizhao, Shandong province, China. Picture: REUTERS

The tariff changes were made to “increase imports of products facing a relative domestic shortage, or foreign speciality goods for everyday consumption”, the ministry said in a statement on its website. Beijing has issued a series of measures to boost pig production, while increasing imports of various meats to meet domestic demand. China brought in 229,707 tons of pork in November, up more than 150% from the previous year. Pork imports for the first 11 months of the year stood at 1.733-million tons, up 58% from a year earlier.

China’s economy is expanding at its weakest rate in nearly 30 years and could face more downward pressure in 2020, but the government has vowed to keep growth within a reasonable range policies forward-looking and effective.

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