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The meeting decided that from July 1 this year, the average import tariff rate of clothing, shoes and hats, kitchen and sports and fitness products will be reduced from 15.9 per cent to 7.1 per cent.

Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on May 30 to determine measures to further actively and effectively utilize foreign capital, promote the expansion of opening up and promote economic upgrading; decided to reduce import tariffs on daily consumer goods on a larger scale to better meet the diverse consumer needs of the people; deploy Establish a rehabilitation assistance system for disabled children to give them more help and care.

The meeting pointed out that in accordance with the deployment of the Party Central Committee and the State Council, it is necessary to create a more fair, transparent and convenient environment for foreign investment, promote the formation of a new pattern of comprehensive opening up, and strive to maintain my country's status as a major destination for foreign investment in the world. The meeting determined: First, to relax market access. Implement the clear commitment to cancel or relax restrictions on foreign investment in the manufacturing sector such as automobiles, ships and aircraft. We will improve the system of qualified foreign investors, actively introduce foreign traders to participate in futures trading such as crude oil and iron ore, and support foreign financial institutions to participate more in the underwriting of local government bonds. Second, benchmarking international to enhance the level of investment facilitation. Before July 1 this year, the revision of the negative list of foreign investment access should be completed. The establishment and change of foreign-funded enterprises with a total investment of less than US $1 billion in the list shall be delegated to the provincial government for approval and management. Simplify the permit procedures for foreign talents to work in China, and qualified foreign talents selected by enterprises registered in China can be issued with visas within 2 working days. The third is to protect the legitimate rights and interests of foreign investors. We will crack down on infringement and counterfeiting, infringement of trade secrets, and malicious cybersquatting of trademarks, and substantially increase the legal compensation limit for intellectual property infringement. The fourth is to strengthen the role of an important platform for the utilization of foreign capital in national development zones, and demonstrate and drive the improvement of the level of foreign capital utilization. Fifth, we should improve and make good use of credit, land use, social security and other support policies to reduce the operating costs of enterprises. Guide foreign investment to invest more in the central and western regions and modern agriculture, ecological construction, advanced manufacturing, and modern service industries.

The meeting pointed out that further reducing import tariffs on consumer goods will help expand opening up, meet the needs of the people, and force product quality and industrial upgrading. the meeting decided that starting from 1 July this year,The average rate of import tariffs on clothing, shoes and hats, kitchens and sports and fitness products will be reduced from 15.9 per cent to 7.1 per cent.; Reduce the average import tariff rate of household appliances such as washing machines and refrigerators from 20.5 per cent to 8 per cent; Reduce the average import tariff rate of processed foods such as aquaculture, fishing aquatic products and mineral water from 15.2 per cent to 6.9 per cent; Reduce the average import tariff rate of washing products and cosmetics such as skin care, hairdressing and some medical and health products from 8.4 per cent to 2.9 per cent. Relevant departments should implement tax reduction measures to prevent intermediate links from increasing prices and profits, so as to benefit consumers and promote the competitiveness of domestic industries.

In order to better protect the rights and interests of the majority of disabled children and promote the progress of social civilization, the meeting decided to establish a rehabilitation assistance system for disabled children. Starting from October 1 this year, the disabled children and autistic children aged 0-6 years, including disabled children and disabled orphans adopted by families with financial difficulties and welfare institutions, Provide assistance such as surgery, assistive device configuration and rehabilitation training. Relief funds are included in the budgets of local governments at or above the county level, and appropriate subsidies are given by the central government. By 2020, the basic realization of disabled children should be saved.

The meeting also examined other matters.

(Source: Chinese government website)