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China to cut import duties on energy, consumer products

World’s largest exporter and second -biggest importer China said it will cut import duties on selected energy products, raw materials and consumer goods to boost domestic consumption.

"As we maintain stable growth in exports, we should focus more on imports and appropriately expand its amount," China Daily reported a government statement here announcing the Cabinet decision authorising the duty cuts.

It said to boost imports, duties will be cut on "some energy products, raw materials, consumer goods closely related to people’s daily lives, and key items that China does not produce".