China to cut tariffs on consumer products and raise funding to boost imports

Almaty. November 2. Silkroadnews - China will cut tariffs on consumer goods and raise financing to boost imports, Reuters reported.
“China will lower tariffs and step up bank financing to support more imports,”
"China will reduce tariffs on imported consumer goods and increase bank financing to support imports,” the agency quoted vice commerce minister Wang Bingnan saying on Thursday.
It is noted that China has a vast trade surplus and has been accused by other countries, including the United States, of protecting domestic companies through unfair trade practices, including high import tariffs.
As the agency reminds, U.S. President Donald Trump plans to visit China next week, and bilateral trade relations are expected to become a major topic of discussion.