摘要
Japan＇s massive earthquake and tsunami have sent shockwaves through China＇s economy, though it is not yet possible to estimate the total loss, analysts said on March 15. Trade between the two countries will definitely be affected in the short term, said an official with China＇s Ministry of Commerce. In 2010, Japan was one of China＇s most important trade partners, accounting for about 8 percent of China＇s total exports,
WHAT'S ON?China might cut luxury import taxes The import tariffs on high-end goods might be reduced by 2 percent to 15 percent, and the decision 'will be finalized soon,' the Guangzhou Daily reported on June 20. The new tariff policy likely will be applied first on cosmetics and expensive tobaccos and liquors, but the specific plan and launch date depend on the final version by the Ministry of Commerce and the State Administration of Taxation, sources who participated in discussions about the plan told the newspaper.
