China to cut import tariffs on some products

China announced ​on Monday tariff adjustments ⁠for some products beginning next year, including lowering the ‌import ‌duties on resource-based commodities such ‌as recycled black powder for lithium-ion batteries.The country will also lower levies ​on medical ​products including artificial blood ‌vessels ‍and diagnostic ‍kits for certain infectious disease, according ‌to a statement by the Customs Tariff Commission of the State Council.For 925 products, ‍the provisional import tariff rates levied on ‍them ⁠will ⁠be lower than the most-favoured-nation rates applied to all World Trade Organization member states, it added.