Look Who it Was Random video

China's new tariff cuts boost local economy but hinder US exporters

518 views · Published 2 November 2018 · 1:37 · Indexed 30 September 2026

Channel: CGTN · 2018 · News & Politics

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China reduced tariffs on imports ranging from textiles to steel products on November 1, a decision made by China’s State Council in a bid to serve the country’s industrial upgrading, lower corporate costs, and meet domestic demand. Beijing has been promoting a “more balanced international trade policy,” said Zhang Jianping from the Chinese Academy of International Trade and Economic Cooperation, explaining that the Chinese economy needs more imports rather than exports.

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