China says it will cut tariffs on some auto parts and vehicles

Hilal Sarı / Istanbul, May 22 (DHA) - China\'s Finance Ministry announced that it will cut import tariffs on some vehicles to 15 percent, down from 25 percent.According to the statement made by the Ministry tariffs on automotive parts will fall to 6.0 percent.The cuts will be effective from July 1.The move signifies an attempt to open up the Chinese market to international players.