Editor’s note: China uses many more tools than merely tariffs to gain an advantage. They play to win, not to “level the playing field.”
BEIJING (Reuters) – China will stabilize trade by reducing tariffs, improving export tax rebate policies and cutting insurance fees for export companies, state television reported on Wednesday, citing a state council meeting chaired by Premier Li Keqiang.
[Yawen Chen and Se Young Lee | July 10, 2019 | Reuters]
“We will improve our reserve of policy tools and roll the measures out at the right time,” state television quoted those at the meeting as saying.