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China Plans to Draw Up Laws on Tariffs This Year – Xinhua

The move aims to improve “legal system supporting the development of the socialist market economy,” said the work report by a standing committee for the National People’s Congress


China tariff
China also plans to formulate laws on rural collective economic organizations, energy, futures and derivatives this year, the report said. Photo: Reuters.

 

China will formulate laws on tariffs and other taxes in 2022, Xinhua reported, citing a work report submitted for review on Tuesday to the country’s national legislature.

The move aims to improve the “legal system supporting the development of the socialist market economy,” according to the work report, by the Standing Committee of the National People’s Congress.

 

Read the full report: Xinhua.

 


 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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