China cuts import tariffs on almost 200 consumer goods

China is cutting import tariffs on 187 consumer goods from whisky to cashmere clothing to help spur spending and economic growth. The Finance Ministry said tariffs will drop from an average 17.3% to 7.7% on products, including pharmaceuticals, food, health supplements and clothing. The cut will take effect from the beginning of December. Chan Siu-kam has more.

China cuts import tariffs on almost 200 consumer goods Source: AAP