- Cooling trade tensions? Starting Jan. 1, China plans to remove import and export duties on a range of goods, including zero tariffs on ingredients for livestock feeds and certain medicines, according to the finance ministry.
- It will also cancel tariffs on four types of solid waste such as manganese slag and lithium ion cells for new-energy vehicles, while lower provisional tariff rates would be adapted for aircraft engines, robots and other advanced equipment.
- Shanghai +0.4% to 2,527.
- Previously: China weighs crackdown on forced tech transfers (Dec. 24 2018)
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC-OLD, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, CHIH, CHIK, CHIL, CHIR, CHIS, CHIU, FLCH, FLHK, WCHN
- Now read: Will The China-U.S. Exchange Rate Hit 7? (Video)
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