China to cut taxes on many imported consumer goods

From the Wall Street Journal, reporting on Chin cutting tax duties on many imports in an effort to spur consumer spending

The Ministry of Finance said Monday that it would cut duties by half, on average, on imports including suits, fur garments and shoes beginning June 1. A tariff on cosmetics will fall to 2% from 5%, while a duty on diapers will drop to 2% from 7.5%, the ministry said.

• goal of the duty cuts is to encourage consumers to spend more domestically

How many Chinese travel overseas to buy diapers anyway?

More at the article, which may be gated: China to Cut Taxes on Some Imported Consumer Goods to Spur Spending

The announcement was on Monday