Economics
In the News
China cuts tariffs on imported consumer goods
26th May 2015
High import tariffs and an appreciating Yuan against the US dollar have been factors causing many middle class Chinese consumers to source their favoured Western consumer brands through overseas agents in a bid to avoid higher prices in their own shops. The BBC reports that the Chinese government is lowering import tariffs on a range of goods in a bid to stimulate consumer spending in home-based retail stores.
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