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China to cut some import, export taxes to boost ailing trade sector

China exports in November fall for 5th straight month; producer price index down 5.9% from a year ago
Thursday, December 10, 2015 - 05:50
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Containers being unloaded from a cargo ship at a port in Rizhao, east China's Shandong province. The intense pressure facing Chinese manufacturers was clear in data that prompted worries China could be falling into a Japan-style deflation trap.

Shanghai

CHINA said on Wednesday it would cut some import and export taxes next year to boost its ailing trade sector, raising concerns that cheaper Chinese products could exacerbate a global oversupply of basic materials such as steel and chemicals.

Trade tensions are already