|10 July, 2019

China to reduce tariffs, improve export tax rebate policies

Beijing will roll the measures out at the right time, state television quotes officials present at the meeting

Image used for illustrative purpose. A worker goes about his day in front of containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.

Image used for illustrative purpose. A worker goes about his day in front of containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.

REUTERS/Aly Song
BEIJING, July 10 (Reuters) - China will stabilise trade by reducing tariffs, improving export tax rebate policies and cutting insurance fees for export companies, state television reported on Wednesday, citing a state council meeting chaired by Premier Li Keqiang.

"We will improve our reserve of policy tools and roll the measures out at the right time," state television quoted those at the meeting as saying.

China is locked in a bruising trade war with the United States, which has led to retaliatory tariffs on hundreds of billions of dollars of each other's goods.

(Reporting by Yawen Chen and Se Young Lee;) ((yawen.chen@thomsonreuters.com; +86 10 5669 2126; Follow me on Twitter ))

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