From January 1, 2013, China will make some adjustments to import and export tariffs. Recently, the Ministry of Finance issued information saying that more than 780 kinds of imported goods, including inverters and motor controllers, will lower tariffs.
Zhang Bin, director of the Taxation Office of the Institute of Finance and Trade of the Chinese Academy of Social Sciences, said that this tax reduction involves auto parts, which are the soft underbelly of China's auto manufacturing industry. Therefore, the tax reduction will benefit auto companies, and more local auto companies will be reformed in the future. Use imported parts.
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