China Lowers Import Tariffs on Milk Powder, Textile Products and Fertilizers to Boost Consumption

China will lower the tariffs on 784 imported products starting from January as part of a major effort to boost domestic consumption, the Ministry of Finance said on Monday. The temporary adjustment will allow the products, grouped into five major categories, to be imported on a tax rate that is lower than the most-favored-nation tariff,

China eyes Canadian potash, fertilizer sectors

Two of China’s largest state-owned energy giants – CNOOC and Sinopec – have expressed interest to the federal government about investing in Canada’s potash sector and fertilizer production, government documents obtained by Postmedia News show. The documents also reveal the Conservative government was aware for the past year, well before the recent controversy over foreign