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Import duties in chip equipment, inputs exempted until 2030

China has issued a notice on March 29, exempting taxes on imports of a number of semiconductor companies that are critical to the country's integrated circuit (IC) development, including IC production equipment parts, raw materials and other consumables.


China to expand imports of knowledge- and technology-intensive manufacturing services

​China is planning to expand imports of knowledge- and technology-intensive manufacturing services as part of efforts to transform and upgrade its manufacturing sector and foster the sector's high-quality development.


New measures announced to spur domestic consumption

China on March 25 announced targeted measures to spur new types of consumption, including accelerating new infrastructure construction and pilot programs for digital currency rollout, as part of the government's ongoing efforts to boost domestic demand and foster high-quality growth.


Commerce Ministry releases 22 measures for FDI expansion

The Ministry of Commerce has come out with 22 measures to further expand high-level opening up and attract more resources, including technologies and talents from global markets, to reinforce China's strengths in attracting foreign direct investment.


New government plan enhances CIIE's role as global trade platform

The spillover effect of the China International Import Expo will be further enhanced as the State Council on Wednesday issued an overall plan for building Shanghai's Hongqiao area and neighboring locations into an international hub.


Cross-border paperless deal to boost China's trade facilitation: ministry

The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, which entered into force on Feb 21, will further enhance China's trade facilitation, the Ministry of Commerce said.


Political advisors discuss measures to further improve China's business environment

Chinese political advisors on Jan 21 discussed measures to further improve China's business environment during a consultation session in Beijing.


Policies improve people's livelihoods in 2020

China implemented provisional import tax rates that are lower than the most-favored-nation tariff rates for over 850 commodities starting Jan 1, according to a circular on the adjustments of import tariffs issued by the Customs Tariff Commission of the State Council.


Tariffs for imports to be lowered next year

China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas under the country's new "dual-circulation" development paradigm, according to the Ministry of Finance.