China to lower import tariffs from January

Beijing will lower import tariffs on more than 850 products including frozen pork from next month, the finance ministry said Monday, as authorities battle a severe shortage of the meat staple. China's pig industry has been hammered by African swine fever, which has led to the culling of more than a million animals, according to official statistics, and caused the price of pork to double. Monday's announcement said tariffs on frozen pork will drop from 12 percent to eight percent from January 1.

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