BEIJING, Jan. 15 (China Economic Net) - “China has reduced, canceled import tariffs for 2021 and it would be win-win for China and related countries including its iron-clad brother Pakistan, ” noted Liu Baocheng, Dean of Center for International Business Ethics (CIBE), University of International Business and Economics(UIBE), China.
China adjusted import tariffs on a range of products starting from January 1, 2021 to support fostering the new development paradigm and promoting high-quality development, and lowered parts of conventional tariff rates and most-favored-nation rates in 2021, according to the Customs Tariff Commission of the State Council.
As per Liu Baocheng, since its accession to World Trade Organization, China has comprehensively fulfilled its commitments to WTO, substantially reducing import tariffs. By reducing import costs to boost trade, China has delivered mutually beneficial and win-win outcomes on a wider scale and has shared its development di
A year that was largely defined by the COVID-19 pandemic finally ended, but challenges still lie ahead for the global community to deal with.
Countries and organizations need to ramp up cooperative efforts to be better prepared for new waves of COVID-19 infections, seek recovery of the hard-hit global economy, and maintain stability in regions that have seen turmoil over the past year.
TACKLING NEW WAVES
In 2021, new waves of COVID-19 infections from the ravaging pandemic are still one of the most threatening challenges facing the world at large.
In the United States, a country that boasts the most advanced medical technology, some 22.8 million people have been infected with the virus and more than 380,000 lost their lives.
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Xinhua Headlines: A disrupted world to embrace more challenges in post-pandemic era He Fei,Dong Yue,Gao Wencheng,Zhao Manjun,Liu Wanli
Xinhua Headlines: A disrupted world to embrace more challenges in post-pandemic era
Replay Video UP NEXT In 2021, new waves of COVID-19 infections from the ravaging pandemic are still one of the most threatening challenges facing the world at large; With the pandemic still raging and some new COVID-19 variants being more contagious, recent surges in COVID-19 cases have added uncertainty to the eagerly-anticipated global economic recovery; Instability and social unrest remain as a major theme for some regions this year, which asks for unremitting efforts of relevant parties to cool down tensions and maintain negotiations to find a way out.
China s positive growth to be catalyst for global recovery BEIJING: The Chinese economy showed strong resilience and a robust rebound amid Covid-19. It not only made China the only major economy worldwide with positive growth in 2020 but also injected impetus into the global economic recovery.
The growth momentum should continue into 2021, with increased green development, sci-tech innovation, and an industrial production rebound. It will bring more opportunities for the world, analysts said.
The following are five key phrases that offer a glimpse into the outlook of the Chinese economy in 2021.
Strong recovery
China’s economy is likely to return to its normal growth trajectory this year. It marks a good starting point for economic progress in the country’s 14th five-year plan period, analysts said.