search query: @indexterm IMPORTS / total: 377
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| Author: | Du, Weili |
| Title: | The reform and adjustment of import tariffs: a speech by Wu Yi, the minister of Ministry of Foreign Trade and Economic Cooperation (original in Chinese) |
| Journal: | Chinese Economic Information (c)
1996 : 8, p.13-14 |
| Index terms: | FINANCIAL INNOVATION IMPORTS TAXATION CHINA |
| Language: | chi |
| Abstract: | In the reform and adjustment of import tariff policies: the following involve foreign investment 1. Starting from April 1, 1996, the general level of China's import tariffs will fall from 35.9% to 25% and continue to fall until it reaches the average level of the general developing countries. 2.For the foreign-funded enterprises approved after that day, they should pay taxes for their imported equipment's and raw materials in accordance with rule, and regulations 3. For the foreign-funded enterprises with an investment of above and under USD 30 million, approved before that day, they can be exempted from import tariffs and import link taxes when they import equipment for their own use and within their total investment before Dec. 31, 1996 and Dec, 31, 1997. |
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