China's import and export tariff adjustments on some goods took effect on Monday, including implementing provisional import tariff rates lower than the most favored nation rates on 1,010 goods, implementing tariff rates on some commodities under agreements and applying preferential tariff rates to 43 least-developed countries (LDCs).
As tariffs play a vital role in the integration of the domestic and international markets, experts noted that the adjustments will ensure the secure supply of products related to national security and help the country's industrial transformation for high-quality development.
They will also boost high-level opening-up to share development dividends with the world.
Starting on Monday, China reduced the import tariffs on resources, key equipment and parts that are in short supply domestically, such as lithium chloride, low-arsenic fluorite and gas diffusion layers for fuel cells.
