China will cut import tariffs on a range of consumer items starting July 1st.<br /> The decision was announced on Wednesday after a state council meeting led by Chinese Premier Li Keqiang.<br />The tariff cut will be applied to items such as cosmetics, home appliances, and fitness products.<br />The move aims to further open up China's consumer market and force its industries to upgrade and boost their competitiveness.<br />In December, China slashed import taxes on almost 200 consumer products to seven-point-seven percent on average from 17-point-three percent. <br />
