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Author: | Gong, Weike |
Title: | The effects of reducing tariff on the national economy. (original in Chinese) |
Journal: | Chinese Economic Information (c)
1996 : 7, p.14-15 |
Index terms: | TARIFFS CHINA |
Language: | chi |
Abstract: | To reduce tariff and cancel restrictions on imports will without doubt promote the growth of imports. This year, the imports will actually grow by 20% or so. The reduction of export tax refund will inevitably exert some negtive influence on the growth of exports. So it is a foregone conclusion that the growth of exports will show down. In the second half of 1996, the deficit will appear in foreign trade, which is an expected thing. As a result, it will produce certain pressure on the devaluation of RMB. |
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