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China adjusts tariff policies for major equipment imports

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Chinese authorities have released tariff policy adjustments for imports of major technological equipment.
Imports of major technological equipment on the revised list for government support will be exempted from tariffs and value-added tax.

Tax exemption policies for imports of mixed-flow hydro turbines will be abolished.

Imports of parts and materials for major technological equipment have enjoyed favourable government policy for years. The government constantly adjusts tax policies for imports in co-ordination with the changing industrial landscape.