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"By participating in the CIIE, Ferrero would like to seize the opportunity of recovery to further consolidate its leading position in the China market and continue to fulfill its unwavering commitment to Chinese consumers by means of insistence on high quality and the pursuit of innovation," he added.
"Carmakers have expected a gradual cut in subsidies, the buyers will see a higher price, but it will not have a big impact because most of them live in large cities where gasoline car license plates are hard to obtain."
"China is much further along its post-COVID recovery path," said Paul Colwell, head of Asia advisory portfolio group at Willis Towers Watson. "The way policymakers act in response to changes in the economy, monetary policy, fiscal policy ... China operates at a fundamentally different frequency to the rest of the world," he added.
"China has always firmly opposed unilateralism and protectionism, and stood up for the authority and efficacy of the multilateral trading system," said Wang.
"Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent," the USTR said. It did not specify which items would be removed.
来源：资阳报