Reference News Network, December 31 report: According to the Spanish newspaper "El Economista" website on December 29, China will implement tax reductions on nearly a thousand key products related to national technological development. Specifically, it will reduce the import tariffs on 935 types of products starting in 2026. According to local media on December 29, the Tariff Commission of the State Council of China has announced the "2026 Tariff Adjustment Plan," and stated that the government will implement this measure to "enhance the synergistic effect of the domestic and international markets and resources, and expand the supply of high-quality goods."
The report said that although specific products were not mentioned, the customs authorities have clearly stated that this tariff reduction will apply to various "key components and advanced materials" to ensure a high level of scientific and technological self-reliance and strength. In addition, some "resource-based commodities" that help promote green transition will also be included in the scope of reduced import tariffs.
At the same time, in order to enhance the internal driving force of the domestic large cycle, according to changes in domestic industrial development and supply and demand situation, within the scope of China's commitments upon joining the World Trade Organization, "the provisional import tariff for small motors, printing machines, and sulfuric acid will be abolished," and the Most-Favored-Nation (MFN) tariff rate will be restored.
The above tariff adjustment plan also states that in order to strengthen the protection and improvement of people's livelihood and help accelerate the construction of a healthy China, the import tariffs on medical products such as artificial blood vessels and diagnostic kits for certain infectious diseases will also be reduced.
The plan states that in 2026, a provisional import tariff lower than the MFN rate will be implemented for 935 items.
In addition, China will also optimize the tariff headings and domestic sub-item notes in 2026. The plan states that in order to serve technological development and technological progress, support the circular economy and the development of under-forest economy, the domestic sub-items will be added in 2026, including intelligent bionic robots, bio-aviation kerosene, and under-forest ginseng. After the adjustment, the total number of tariff headings will be 8,972.
In terms of economic and trade relations with trade partners and the advancement of regional integration, the plan points out that in order to continuously deepen economic and trade cooperation and promote regional integration, in 2026, according to the 24 free trade agreements and preferential trade arrangements signed by China with 34 trade partners, the agreement tariff will continue to be applied to certain imported goods originating from the aforementioned trade partners.
At the same time, in 2026, China will continue to provide 100% tariff exemption for all tariff items of 43 least developed countries that have established diplomatic relations with the country.
Several experts agree that the adjustment of China's tariff policy aims to support economic and trade growth and provide strong support for economic transformation over the next five years.
The report pointed out that in the recent "14th Five-Year Plan" proposal, Chinese policymakers have listed developing new productive forces, green transition, and people's well-being as important goals. Experts emphasized that this policy shift will inject strong momentum into the development of technologies such as artificial intelligence.
The report says that this means reducing the import tariffs of certain factors will help promote research and development in core areas of the technological revolution such as artificial intelligence. (Translated by Liu Lefei)
Original: toutiao.com/article/7589843912861254154/
Statement: This article represents the views of the author himself.