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China is cutting tariffs across the board. Effective on July 1, China's average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced by 50 percent, and that for home appliances will be lowered by two-thirds. Import taxes on vehicles and auto parts will also be slashed on the same day.
China is our third-largest market globally and has performed well over the past year. We've seen consistent growth, especially in important areas like e-commerce and mobile. This is a strategic focus for us, given China is a leading player in e-commerce volumes and transactions globally. We work with all local platforms, including Alibaba, Tencent and JD, to serve our clients here. Our clients are a mixture of local and multinational corporations and they appreciate our ability to combine creativity with technology in our offerings.
China is apparently on US Secretary of State Rex Tillerson's mind as he visits Africa for the first time with a five-nation tour beginning in Ethiopia.
China is planning to drive upgrades in power battery technology by categorizing subsidy-eligible new energy models according to more specific details, including driving range, battery density and energy consumption.
China is now the world's second-largest economy, while its per capita income is still only about one-fifth of the average in areas with high incomes.
来源：资阳报