China-Tariff Reduction/Imported Vehicles

China to reduce import tariffs on vehicles since July 1

  • English

Shotlist


FILE: Tianjin Municipality, north China - Feb 1, 2018 (CCTV - No access Chinese mainland)
1. Various of cars for sale, potential buyers

FILE: Guangdong Province, south China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Various of road traffic

FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
3. Various of workers assembling parts
4. Various of production line workers
5. Assembly line, mechanical arms in operation
6. Line workers

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
7. SOUNDBITE (Chinese) Liu Shangxi, head, Chinese Academy of Fiscal Sciences:
"From the global perspective, the tariff reduction will play an active role in promoting the global economic growth and employment, and will make direct contribution to the production and employment growth of car exporting countries."

FILE: Shanghai Municipality, east China - Exact Date Unknown (CGTN - No access Chinese mainland)
8. Various of containers being unloaded at Shanghai Port

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
9. SOUNDBITE (Chinese) Liu Shangxi, head, Chinese Academy of Fiscal Sciences (starting with shot 8) (partially overlaid with shots 10-11):
"With this large-scale tariff reduction, the market competition for Chinese auto producers will be further intensified. And a catfish effect will thus be created under such circumstances by reducing the import tariffs on vehicles, as the policy will largely accelerate the transformation and upgrading of domestic Chinese auto producers, and promote the supply-side structural reform of the auto industry."
++SHOTS OVERLAYING SOUNDBITE++

FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of auto production line

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
11. Liu speaking to reporter

++SHOTS OVERLAYING SOUNDBITE++

FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
12. Various of auto production line, workers

Xi'an, Shaanxi Province, northwest China - Recent (CCTV - No access Chinese mainland)
13. Various of road traffic

Storyline


China has decided to lower the import tariffs on vehicles from July 1, China's State Council announced in a statement on Tuesday.

For car imports, the 25-percent tariff levied on 135 items and the 20-percent duty on four items will both be slashed to 15 percent.

Meanwhile, import tariffs for 79 items of auto parts will be reduced to 6 percent from the current levels of 8 percent, 10 percent, 15 percent, 20 percent, and 25 percent.

The move is one of the country's latest measures to further expand the reform and opening-up process.

An expert said the policy will benefit the employment and production of auto exporters in the world once it is put into effect, as the growing need for imported vehicles from the giant market of China will directly expand the auto output of the exporting countries.

"From the global perspective, the tariff reduction will play an active role in promoting the global economic growth and employment, and will make direct contribution to the production and employment growth of car exporting countries," said Liu Shangxi, director of the Chinese Academy of Fiscal Sciences.

Meanwhile, the domestic auto producers in China will be to some extent forced to improve the quality and efficiency of their products, and to keep innovating and upgrading, in order to better meet the need of the customers in the competitive market.

"With this large-scale tariff reduction, the market competition for Chinese auto producers will be further intensified. And a catfish effect will thus be created under such circumstances by reducing the import tariffs on vehicles, as the policy will largely accelerate the transformation and upgrading of domestic Chinese auto producers, and promote the supply-side structural reform of the auto industry," said Liu.

DOWNLOAD
  • ID : 8081333
  • Dateline : May 22, 2018/File
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 2'06
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-05-22 20:28
  • Last Modified : 2018-05-22 20:45:00
  • Version : 3

China-Tariff Reduction/Imported Vehicles

China to reduce import tariffs on vehicles since July 1

Dateline : May 22, 2018/File

Location : Beijing,China

Duration : 2'06

  • English


FILE: Tianjin Municipality, north China - Feb 1, 2018 (CCTV - No access Chinese mainland)
1. Various of cars for sale, potential buyers

FILE: Guangdong Province, south China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. Various of road traffic

FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
3. Various of workers assembling parts
4. Various of production line workers
5. Assembly line, mechanical arms in operation
6. Line workers

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
7. SOUNDBITE (Chinese) Liu Shangxi, head, Chinese Academy of Fiscal Sciences:
"From the global perspective, the tariff reduction will play an active role in promoting the global economic growth and employment, and will make direct contribution to the production and employment growth of car exporting countries."

FILE: Shanghai Municipality, east China - Exact Date Unknown (CGTN - No access Chinese mainland)
8. Various of containers being unloaded at Shanghai Port

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
9. SOUNDBITE (Chinese) Liu Shangxi, head, Chinese Academy of Fiscal Sciences (starting with shot 8) (partially overlaid with shots 10-11):
"With this large-scale tariff reduction, the market competition for Chinese auto producers will be further intensified. And a catfish effect will thus be created under such circumstances by reducing the import tariffs on vehicles, as the policy will largely accelerate the transformation and upgrading of domestic Chinese auto producers, and promote the supply-side structural reform of the auto industry."
++SHOTS OVERLAYING SOUNDBITE++

FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of auto production line

Beijing, China - May 22, 2018 (CGTN - No access Chinese mainland)
11. Liu speaking to reporter

++SHOTS OVERLAYING SOUNDBITE++

FILE: Shaanxi Province, northwest China - Date Unknown (CCTV - No access Chinese mainland)
12. Various of auto production line, workers

Xi'an, Shaanxi Province, northwest China - Recent (CCTV - No access Chinese mainland)
13. Various of road traffic


China has decided to lower the import tariffs on vehicles from July 1, China's State Council announced in a statement on Tuesday.

For car imports, the 25-percent tariff levied on 135 items and the 20-percent duty on four items will both be slashed to 15 percent.

Meanwhile, import tariffs for 79 items of auto parts will be reduced to 6 percent from the current levels of 8 percent, 10 percent, 15 percent, 20 percent, and 25 percent.

The move is one of the country's latest measures to further expand the reform and opening-up process.

An expert said the policy will benefit the employment and production of auto exporters in the world once it is put into effect, as the growing need for imported vehicles from the giant market of China will directly expand the auto output of the exporting countries.

"From the global perspective, the tariff reduction will play an active role in promoting the global economic growth and employment, and will make direct contribution to the production and employment growth of car exporting countries," said Liu Shangxi, director of the Chinese Academy of Fiscal Sciences.

Meanwhile, the domestic auto producers in China will be to some extent forced to improve the quality and efficiency of their products, and to keep innovating and upgrading, in order to better meet the need of the customers in the competitive market.

"With this large-scale tariff reduction, the market competition for Chinese auto producers will be further intensified. And a catfish effect will thus be created under such circumstances by reducing the import tariffs on vehicles, as the policy will largely accelerate the transformation and upgrading of domestic Chinese auto producers, and promote the supply-side structural reform of the auto industry," said Liu.

ID : 8081333

Published : 2018-05-22 20:28

Last Modified : 2018-05-22 20:45:00

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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