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| | Reducing Customs Duties |
 | | On October 1, 1997, the Chinese government reduced the import duty rate of commodities of 4,874 tax numbers, resulting in the reduction of the customs duties from 23 percent to 17 percent on average. |
 | | China's overall level of the import customs duties decreased from 43.2 percent in 1992 to 12 percent in 2002, thus thoroughly changing the traditional high customs-duty policy. |
 | | By 2005, the average customs duties of industrial products will be reduced to 9.3 percent, among which, those of most of the mechanical products will decrease to 5 to 10 percent, and those of some of the products will become zero. |
| www.china.org.cn /english/features/China2004/107007.htm (251 words) |
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