Government to alter trade tariffs to drive imports.

By bne IntelliNews June 8, 2012
China's government is likely to alter trade tariffs and provide financing support in order to drive imports. As reported by Dow Jones International News, Vice Premier Hui Liangyu stated that the objective of the tariff alteration was to attain further balanced trade. The exports have been easing as a result of a slow global economy, although the government is still under pressure from various chief trading partners to work towards a more balanced trade.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Dismiss