Arab Press

بالشعب و للشعب
Friday, Aug 08, 2025

China to adjust trade tariffs on some goods from Jan. 1

China to adjust trade tariffs on some goods from Jan. 1

China will adjust import and export tariffs on some goods from Jan. 1, in order to speed and promote development and expand domestic demand, the Finance Ministry said on Thursday.
Export tariffs on aluminum and aluminum alloys are to be raised, the ministry said in a statement, citing the tariff commission of China’s state council, or Cabinet.

The current import tariff will stay on seven types of coal until March 31 next year, with tariffs adopted for most favored nations from April 1, the Finance Ministry said in a separate statement.

As the world’s second biggest economy battles a surge in COVID-19 infections after Beijing’s abrupt U-turn on stringent curbs, it will set tariffs to zero on ingredients of some anti-COVID drugs, so as to ease the financial burden on patients.

To meet shoppers’ demands, import tariffs will be further lowered on coffee makers and juice extractors, the tariff commission said.

As competition grows with the US on technology issues, China has decided to further reduce the tariffs for most favored nations on 62 types of information technology products from July 1 next year.

That step will cut China’s overall tariffs to 7.3 percent from 7.4 percent.

Foreign video games

China’s video game regulator granted publishing licenses to 44 foreign games for domestic release, including seven from South Korea, further lifting rigid curbs that have hammered the industry for 18 months.

South Korean gaming stocks, including Netmarble Corp.,NCSOFT, Krafton, Kakao Games and Devsisters jumped between 2 percent and more than 17 percent in morning trade on Thursday, a day after Chinese authorities granted publishing licenses.

The approval of seven South Korean games is significant because China has restricted the import of South Korean content since a 2017 dispute over South Korea’s installation of a US missile defense shield. Before this new list, only two South Korean games had been approved.

Among the imported online games approved by the National Press and Publication Administration are five to be published by Tencent Holdings such as “Pokémon Unite” by Nintendo and “Valorant” by Riot Games, according to a list the regulator released.

The regulator initially released a list of 45 approved imported games. It removed Yoozoo’s “Game of Thrones: Winter is Coming” later on Wednesday, without giving a reason. Yoozoo appears, however, to already have a license, according to a document the authority published in September.

The regulator also approved 84 domestic games for the month of December, according to a separate list released on Wednesday.

Yuan edges higher

China’s yuan edged higher against the dollar in thin year-end trading on Thursday, though its gains were capped by investors’ concerns over the spread of infections since the government began dismantling its zero-COVID regime earlier this month.

The Chinese currency is also on course to book its biggest annual loss since 1994, when China unified market and official rates, having depreciated by 8.85 percent against the dollar in the year-to-date.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
×